Blog

17th September 2018

Monday Espresso

 

 

 

 

On Monday September 10 the Executive chairman of Alibaba Group, Jack Ma, announced his decision to retire as chairman while remaining on the company’s board at least until the 2020 annual shareholders meeting.

On Tuesday September 11 Bitcoin dropped 8% to a 10-month low after the United States Securities and Exchange Commission (SEC) announced its first enforcement action against a Crypto Hedge Fund.

On Thursday September 10 BoE, ECB and Turkey announced their interest rate decisions. BoE and ECB decided to leave rates unchanged at 0.75% and 0% respectively while Turkey hiked their interest rate sharply from 17.75% to 24% due to high inflation, which hit 17.9% last month.

On Tuesday, the UK revealed the unemployment rate for three months ending in July, which remained at a 43-year low of 4% with wages growing at an annual rate of 2.9%.

 

 

 Eurozone CPI will be released on Monday September 17 and is expected to come in at 2.0% YoY.

UK CPI will be released on Wednesday September 19 and is expected to come in at 2.4% YoY.

 

-1.0     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.

0.0       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.

+1.0   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 31/08/18

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 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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