On Tuesday, IBM announced that it had partnered with the fin-tech start-up Stronghold in order to launch Stronghold USD, a new type of cryptocurrency pegged to the US dollar and less volatile than other digital currencies.
Also on Tuesday, the EU and Japan established a free trade deal that will cut or remove tariffs on nearly all trading goods between the two economies.
Google was issued with a fine of €4.34billion by the European Commission as a result of illegal practices that caused forced usage of Google apps on Android operating systems.
The pound sterling hit a 10-month low on Wednesday after the release of the UK inflation data for June, which held at 2.4%, lower than the expected 2.6%.
The Australian CPI will be released on Tuesday 24 July and it is expected to come in at 2.0% YoY.
The US House Price Index will be released on Tuesday 24 July with an expected change rate at 2.1% MoM.
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 30/06/18
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.