The US-China trade war intensified with Trump threatening to impose an additional 10% tariff on $200bn of Chinese imports if China continues to raise tax against the US.
Virgin Money has agreed to CYBG’s offer for an all-share takeover deal of £1.7bn, making the conglomerate UK’s sixth largest bank.
The Bank of England decided to leave the benchmark rate unchanged at 0.5% in Thursday’s meeting and projected that a tightening of monetary policy would be appropriate to return inflation to its 2% target. UK inflation is currently running at 2.4%.
UK GDP growth will be released on Friday June 29, at an expected growth rate of 1.2% YoY.
Eurozone CPI for June will be released on Friday June 29 and is expected to come in at 1.0% 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
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.