As Brexit fatigue tightens its grip on us all, particularly those who have been writing about it for a living, and the US gets going with its election, things have been suspiciously quiet on the China front.
The only thing markets like less than uncertainty is panic. Long lines of people clamouring to get their money out of an investment is never a good image.
The real possibility that rules surrounding offshore pension transfers could change following the outcome of the UK’s EU referendum means advisers considering such a move for their clients may be wise not to delay, says Darren Jones, head of technical sales for Old Mutual International, part of Old Mutual Wealth.
Chin-up, dear investor. Brexit has not necessarily been the disaster for the FTSE as was predicted, and could actually be a great opportunity for UK-facing active managers.
Markets were stunned into action on Friday morning after the UK voted narrowly to leave the European Union. Sterling slumped to its lowest level since 1985, safe haven assets jumped and the Nikkei fell almost 8%, while the FTSE opened 6.7% lower.
As the clock ticks ever closer to 7am on Friday, the time slated for the release of the official results of the UK’s referendum on EU membership, the financial world’s focus is being honed to an ever finer point as participants hold cash and their breath ahead of the vote.
Everything is pointing towards a wild day in financial markets this Friday with asset prices shifting dramatically whatever the outcome of the referendum.
The day after the Fed chose once more to stay its hand on interest rates, 38% of delegates at our sister publication Portfolio Adviser’s Summer Congress said a US slowdown was likely to pose the biggest risk to markets over the coming 12 months.
In today’s era of low interest rates, stock market fluctuation, and economic uncertainty, most people are faced with either low returns or high risk on their investments. For this reason, interest in alternatives – with their ability to diversify investments, reduce risk and provide uncorrelated returns – has grown significantly in recent years, according to…
The vote on Brexit is now less than two weeks away and markets are increasingly feeling the ill effects of the uncertainty.
Financial markets have lacked direction in recent months, with the main equity indices all very close to where they were at the start of the year. Macroeconomic data are not strong enough to reinvigorate the bull market, yet not sufficiently weak to stoke fears of recession.
Rathbones’ David Coombs worries about the silent Brexiters, reluctant to admit they’re in ‘camp leave’ in case they’re seen as little Englanders. And while he believes the UK will vote remain, he’s taking precautions.
