Blog

4th June 2018

Monday Espresso

 

 

 

  After a week of political turmoil in Italy, a populist coalition government has been formed by the far-left M5S and the far-right League Party.

  The US announced more tariffs on Chinese goods to improve the trade deficit with China. Duties of 25% will be raised on $50bn Chinese imports containing industrially significant technology.

  Pret A Manger was sold by its private equity owner to a German investment company, JAB Holdings for £1.5bn.

  The US imposed a 25% tax on steel imports and 10% on aluminium imports from its allies Canada, the EU and Mexico.

  The US trade balance for April will be announced on Wednesday June 6, with an expected deficit of $51.3bn.

  Eurozone GDP growth will be released on Thursday June 7, at an expected growth rate of 2.5% YoY.

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 31/05/18

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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