Market Update
Donald Trump confirmed as the next US President
Now that the dust has settled, Donald Trump has emerged victorious in the 2016 US Presidential election and is scheduled to be sworn in as President on 20 January 2017. Meanwhile, the Republican Party also secured a clean sweep of Congress, gaining majorities in both the House of Representatives and Senate. This will potentially remove…
Continue readingWeekly Financial Market Update for 7th November
Index Week Ytd Value CR TR CR TR FTSE 100 6693 -4.33% -4.28% 7.22% 11.05% S&P 500 USD 2085 -1.94% -1.89% 2.02% 3.88% NASDAQ COMP USD 5046 -2.77% -2.70% 0.78% 1.86% EURO STOXX 50 EUR 2955 -4.05% -4.04% -9.58% -7.06% NIKKEI 225 YEN 16905 -3.10% -3.09% -11.18% -9.58% HANG…
Continue readingMoney transfer firms to tip off HMRC about transactions
Expats switching cash from Britain offshore with money transfer services will soon have their transaction reported to the tax man. Under a new initiative, HM Revenue and Customs (HMRC) intends to demand any money service firm dealing with foreign currency exchange should report the details of the transaction. The aim is to stop expats…
Continue readingWeekly Financial Market Update for 31st October
Weekly Market Update for 31st October Index Week Ytd Value CR TR CR TR FTSE 100 6996 -0.34% -0.30% 12.08% 16.02% S&P 500 USD 2126 -0.69% -0.67% 4.03% 5.88% NASDAQ COMP USD 5190 -1.28% -1.27% 3.65% 4.68% EURO STOXX 50 EUR 3079 0.05% 0.07% -5.76% -3.14% NIKKEI 225 YEN 17446…
Continue readingGloomy expats downsize as financial woes impact
Expats in the United Arab Emirates are turning away for high-end homes to find more affordable living space. A slump in property prices that is on the cusp of starting to bounce back to the highs of several years ago and concerns about the rising cost of living and job security are prompting home…
Continue readingWeekly Market Update for 3rd October
Weekly Market Update for 3rd October Index Week Ytd Value CR TR CR TR FTSE 100 6899 -0.15% -0.14% 10.53% 14.14% S&P 500 USD 2168 0.17% 0.20% 6.08% 7.84% NASDAQ COMP USD 5312 0.12% 0.13% 6.08% 7.09% EURO STOXX 50 EUR 3002 -0.99% -0.94% -8.12% -5.66% NIKKEI 225 YEN 16450…
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