Blog

11th February 2019

Monday Espresso

 

 

 

 

On Thursday 7 February, the BoE announced that the current benchmark interest rate will remain unchanged at 0.75%, meanwhile cutting UK GDP growth forecast from 1.7% to 1.2% for 2019 and from 1.7% to 1.5% for 2020.

On Thursday, Theresa May failed to persuade the EU to reopen the Brexit deal for further negotiation in a meeting with the EC president Jean-Claude Juncker. The President however expressed that he would be open to adding wording to the Brexit Political Declaration.

On Thursday, SoftBank Group announced a share buyback of $5.46bn or 10.3% of its market value after its earnings report. Sony followed the repurchase plan, by announcing its own $910 million share buyback on Friday 8 February.

On Thursday, Trump confirmed that the meeting with Chinese President Xi will not take place before 1 March, the expiry date of the trade truce agreed by the US and China.

 

 

US CPI will be released on Wednesday 13 February and is expected to come in at 1.5% YoY.

UK CPI will also be published on Wednesday 13 February and is expected to come in at 1.9% 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 31/01/19

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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