Six market charts that matter: Italy’s problems, Greek bonds, the Vix spike March 2, 2018 Each month, the investment writing team at Schroders highlight the most significant charts to cross their desk. Italian election: the country's most pressing business problems Elections (not to mention referendums) have been a major source of market uncertainty and volatility in recent times. The latest comes this weekend in arguably the most important election in [...]
Last Week in the City: England has an 8.5% chance of winning the World Cup May 18, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (14 to 18 May 2018). UBS has used its City analysts’ predictive firepower to try and work out the winner of the upcoming World Cup in Russia – and England came surprisingly high in its league [...]
BAE Systems expects earnings to rise in 2017 as defence spending ramps up in the US and other major markets February 23, 2017 BAE Systems anticipates its earnings will rise five to 10 per cent this year as its key markets ramp up defence spending. The figures In the year to the end of December 2016, the leading weapons and aviation group said sales increased to £19.02bn from £17.9bn the previous year, almost all of which was due to foreign exchange rates. [...]
Deutsche Bank and Credit Suisse share prices rise after multi-billion pound settlements with US Department of Justice December 23, 2016 Deutsche Bank and Credit Suisse's share prices have risen this morning after the two lenders agreed to multi-billion dollar settlements with the US Department of Justice (DoJ). Deutsche Bank announced it had reached a $7.2bn (£5.8bn) agreement in principle with the US authorities early this morning over the sale and pooling of mortgage-backed securities in the run-up [...]
Lloyds Bank is launching an online tool to help UK businesses grow globally December 1, 2016 Lloyds Bank is launching a new initiative to help UK businesses move into overseas markets. Through the bank's new international trade portal, businesses will be able to get practical support and advice on the international opportunities that suit them. Read more: Stalemate in Santiago: Basel Committee fails to reach agreement It will also be a [...]
Pound devaluation: how the lessons of 1967 apply today November 23, 2017 The UK actively devalued its currency in 1967, but the 20 per cent fall in the pound since the Brexit vote continues a long-term trend of devaluation. Since the UK voted to leave the European Union on 23 June 2016 the pound has devalued sharply. It has fallen by as much as 21 per cent [...]
Charts of the month: Rising bond yields, dividends and Putin February 9, 2018 Each month, dozens of charts cross our investment writing desk at Schroders, the asset manager. Here, the team pick out six that particularly caught their interest. Bond yields on the up US Treasury (UST) yields have risen 30 basis points (bps) since the start of 2018, across different maturity levels. We have to go back [...]
Weaker sterling gives Johnson Matthey a £27m profit bump November 17, 2016 Johnson Matthey is one of the companies that has welcomed post-Brexit currency volatility – the sustainable tech and chemicals firm today revealed that the weakened pound gave its profit a £27m bump in the six months to 30 September. The figures Sales were up five per cent to £1.68bn in the first half, from £1.6bn last [...]
Brexit didn’t break the UK in 2017 January 25, 2018 When the UK voted to leave the EU in June 2016, many experts forecasted economic doom—if not immediately, then in the not-too-distant future. Some sentiment-related, short-term volatility followed, but the UK didn’t fall into recession following the referendum. Similar projections arose going into 2017, but those fell flat, too. Through all the noise and warnings [...]
China’s paradoxical growth plan is still attractive for global funds: Why President Xi’s pursuit of unity as well as expansion is working for now October 23, 2017 When President Xi first gained the position of President of China five years ago there was considerable western enthusiasm. He came across as a keen reformer willing to push on with China’s enterprise revolution. He wanted to open China’s markets more to the west, to liberalise foreign exchange, privatise more industry and even introduce more [...]