Blog

21st August 2017

Copia Monday Espresso

 

 

  • Global stocks reacted negatively to on-going political pressures in the White House. After Donald Trump gave an unconvincing response to the violence that occurred in Virginia, a number of CEOs resigned from the president’s manufacturing council, which later forced the president to announce the council was to be disbanded.
  • The Euro weakened after the latest minutes from the ECB were released. The central bank cited that the recent strength in the single currency, could impair the region’s recovery and hence a move towards tapering could happen slower than originally thought.
  • China will look to restrict domestic companies from investing in sectors such as real estate and entertainment according to a recent State Council guideline on overseas investment.
  • Japan’s economy grew for a sixth consecutive quarter, with GDP growing at an annualised rate of 4% in the second quarter, as consumption continues to increase on the back of an increase in sales tax which was increased in 2014.

 

 

 

 

 

  • On Wednesday 23 August we will see the release of US New House Sales for the month of July, with expectations of an additional 610,000 new home sales.
  • On Thursday 24 August we will see the release of UK Chained GDP YoY, with expectations that the economy will have grown 1.7% on an annualised basis.

 

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 17/07/17

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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