Market Update
Weekly Market Update
Notable events over the last week The PBoC Governor Zhou Xiaochaun addressed markets on Friday morning in a bid to challenge the negative sentiment surrounding the Chinese stock market. The message came after the Shanghai Composite Index tumbled 6.4% on Thursday, as markets around the world rallied. Zhou noted that ‘China, still has some monetary…
Continue reading
Weekly Market Update
Notable events over the last week Over the weekend, the PBoC Governor Zhou Xiaochuan suggested that capital controls were not being considered by the bank and that further exchange rate depreciation is unlikely to be required. The communication should to be welcomed by markets, which have long been left in the dark regarding the bank’s…
Continue reading
No Change Coming for Markets, Argues Fund Manager
Global markets and economies are so interlinked and move so fast. Investors have problems keeping up with the data and making sensible financial decisions. One of the largest UK financial firms is warning that nothing is likely to change this year, with more volatile markets changing fortunes in a blink of the eye and…
Continue reading
Weekly Market Update
Notable events over the last week Central bank commentary dominated headlines last week with the Fed, PBOC, BOJ and ECB all making announcements. In the US, Wednesday saw the release of the FOMC policy statement following the two day January meeting. The message was relatively dovish and expressed renewed worry about financial market turbulence and…
Continue reading
Weekly Market Update
Notable events over the last week In another week categorised by considerable market volatility, the European Central Bank chief, Mario Draghi provided some reassurance to financial markets by hinting at the possibility of further monetary stimulus at its March meeting. Draghi suggested that the downside risks have increased amid emerging market uncertainty while euro-area inflation…
Continue reading
Treasury reveals how new stamp duty rules will work
Property people have a short and sharp four week window to make their views known to the government about a new stamp duty surcharge on homes for investment. Chancellor George Osborne announced the 3% stamp duty charge in his Autumn Statement 2015. The consultation fleshes out the sparse detail of his proposal to raise…
Continue reading