Blog

27th March 2017

Copia Monday Espresso

 

 

  • The pound rose against its major peers, with UK retail sales better than forecasted growing by 3.7% in February, and Illustrating the UK’s resilience since the Brexit vote.
  • US investor confidence has started to turn since questions have arisen over President Trump’s ability to pass tax reforms later on this year. This has led to increased volatility in the markets with US stock funds seeing their largest redemptions since June 16.
  • Volkswagen returned to the European bond market for the first time since the uncovering of their emissions scandal, issuing an €8bn euro-denominated bond.
  • Economic activity in Germany, one of Europe’s largest economy’s, is on the increase as both output and employment rose.

  • On Wednesday 29 March we will have the number of UK Mortgage approvals for the month of February, with expectations at 70,000.
  • On Thursday 30 we see US Annualised GDP QoQ with expectations of this being at 2%.

A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.

  A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.

A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.

*as at latest realignment 20/02/17

Notice:

The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.

Risk Barometer

0

as at latest realignment

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    Copia Capital Management

    Fleet House, 8-12 New Bridge Street, EC4V 6AL

    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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