Blog

18th June 2017

Copia Monday Espresso

 

 

  • There was an unexpected increase in the number of Bank of England policymakers supporting an increase in interest rates. The expectation was for a 7-1 vote against a hike, but it ended up being much closer with a vote of 5-3 against a rate hike. The pound (£) closed higher on this news.
  • Greece has agreed a deal with its creditors on the next tranche of their bailout package, with Euro-area finance ministers agreeing to release £7bn in new loans, which will ensure Greece will not default on the payments which are due next month.
  • French president Emmanuel Macron said “the door remains open” to the UK staying in the EU whilst meeting with Theresa May. After the outcome of the recent UK elections, Mrs May’s stance on a “hard” Brexit has softened as she continues to work on firming up her minority government.
  • After a strong start to the year, the FANG stocks (Facebook, Amazon, Netflix and Google) saw a sharp selloff, with the Nasdaq-100 closing near a 4-week low.

  • On Monday 19 June we will see the release of the UK Rightmove National Asking price YoY, with expectations that this will show an increase of 2% in national property prices compared to last year.
  • On Thursday 22 June we will see the release of the US Initial Jobless Claims, with expectations that the number of people who have filed jobless claims over the past week to come in at 241,000.

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 22/05/17

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

    Subscribe

    Subscribe to our blog and get our best content in your inbox.



    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.

    © 2021 Copia Capital

    Advisers, staff of professional firms and other eligible counterparties

    I work for an advisory / professional firm or other eligible counterparty.

    I will take responsibility for any jurisdictional restrictions that apply to the services described by this website in accordance with applicable law and regulation.

    I have read and accept that Cookies are used on this website.  I understand that a Cookie will show that I have accepted the terms to access this website.

    Customers and prospective customers

    I confirm that I am resident in the UK or other EU Country and I am not a US citizen.

    I have read and accept that Cookies are used on this website.  I understand that a Cookie will show that I have accepted the terms to access this website.


    The content of this website may only be viewed by persons that meet either of the above conditions.  If neither option is applicable please click here which will close this webpage.