Forget the oil rich nations of the Middle East if you want to make a million, you are far more likely to do so in countries with a more developed economy or emerging markets, according to new research. Although the rich in places like Saudi Arabia and the United Arab Emirates are likely to be … Continue reading Wealthy Are Getting Richer By The Day, Says Bank
Notable events over the last week In the US, headline retail sales surprised to the upside following a week of relatively disappointing earnings data from a number of apparel-linked retailers and department stores, including Macy’s, Kohl’s Corp and Nordstrom Inc.. The headline print was +1.3% MoM (vs. +0.8% expected) comfortably above consensus with … Continue reading Weekly Market Update
Notable events over the last week Last Friday saw the release of the April employment report which showed nonfarm payrolls expanded by 160k, coming in well below the median consensus expectation of 200k. March job growth was revised down just to 208k from 215k. The softening in April job growth was driven by … Continue reading Weekly Market Update
Relying on proverbs for investment advice is not the best of ideas, according to a leading financial expert. Investors often trot out the rhyme ‘sell in May and go away, don’t come back until St Leger Day’ as a proven strategy. The phrase has no religious meaning – it’s all to do with the … Continue reading Does Selling In May And Going Until St Leger Day Work?
Saudi Arabia is to extend a welcoming hand to expats by offering them a right of residency similar to the US green card system. The card will allow expats to claim permanent residency in the country. Expats will pay Zakat, VAT and insurance premiums in the same way as Saudis and will have the … Continue reading Green Card Welcome For Expats In Saudi Arabia
British expats denied a vote in the UK Brexit referendum have won the right to challenge the government’s decision in the High Court. Harry Shindler, a World War Two veteran living in Italy And Jacquelyn MacLennan claim the British government is breaching their human rights by not allowing them to vote. Shindler, 94, said … Continue reading Expats Launch Brexit Vote Challenge In High Court
A vote in favour of Brexit could turn into a nightmare scenario for 2 million British expats living in Europe. The European Union has no procedures in place to deal with a state pulling out of the bloc, just a two-year breathing space to try to dissipate the economic fall-out of a sudden break … Continue reading How much tax will Brexit cost 2m British expats?
In a “risk on” week for the markets that saw equities rally, particularly outside the U.S., WTI rose midweek to $42/barrel, a level last reached in early December 2015. Fedspeak has generally been dovish over the past few weeks with the Philadelphia Fed President Harker and Dallas Fed President Kaplan arguing for caution on … Continue reading Weekly Market Update
The start of 2016 began in sobering fashion, with a broad sell off in risk assets accompanied by very pessimistic market assessments from various commentators. Heavy January declines were driven by falling oil prices, China’s worsening economic situation and its effect on global industrial commodity markets, and concerns over the backdrop of rising US interest … Continue reading Quarterly Market Overview
Notable events over the last week Fed Chair Yellen remained cautious during her speech at the Economic Club of New York, reiterating many of her very dovish policy sentiments in contrast to much of the Fed speak as of late. Just a week earlier Bullard, Lacker, Lockhart and Williams all hinted at the possibility … Continue reading Weekly Market Update