On Wednesday October 10, market saw the worst drop in US tech stocks in seven years. The Nasdaq and the Dow Jones indices both dropped over 3% in one day and the selloff extended across the globe, including the European and Asian markets, mostly driven by the concerns of trade wars and rising interest rates.
Crude oil price slid on Thursday October 11, after the OPEC cut global oil demand growth for 2019 by 50,000 barrels per day in its latest monthly report.
On Thursday, Dialog Semiconductor, a UK-based manufacturer announced its $600mn licensing deal with Apple, which will use the patents and a team from Dialog to develop chips on Apple’s products.
Despite the trade tensions between China and the US, China’s trade surplus with the US climbed to a record number of $34.1 billion in September according to the report released by Chinese government on Friday October 12.
The UK CPI will be released on Wednesday October 17 and is expected to come in at 2.6% YoY.
Japan CPI will be released on Friday October 19 and is expected to come in at 1.3% 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 30/09/18
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
