by Phil Penrose | Oct 12, 2016 | All Articles, All International News Articles, Commentary, Phil Penrose
Last week saw the pound at its weakest ever point compared to the currencies of UK’s main trading partners. By Thursday, sterling was at a 31-year low against the US dollar, with investor confidence challenged yet further by Friday’s so-called ‘flash crash’ which saw sterling drop 6% in a matter of minutes in early-Asian trading,
by Mark Margetts-Smith | Mar 9, 2016 | All Articles, All International News Articles, Fund Selector Asia
The firm’s forecast is in line with others such as the Bank of Singapore, which said the rate hike is likely in June due to the strengthening of US employment figures and inflation expectations. Earlier this year, when markets were tanking, some analysts predicted that the US would have no rate hikes this year or even
by Mark Margetts-Smith | Dec 10, 2015 | All Articles, All International News Articles, Market Update, New Model Advisor
Wall Street closed lower for a third-straight day on Wednesday as oil resumed its decline, fuelling investor worries about global economic growth. The Dow Jones industrial average fell 78 points, or 0.43%, to 17,492, the S&P 500 lost 16 points, or 0.77%, to 2,048 and the Nasdaq Composite dropped 75 points, or 1.48%, to 5,023.
by Mark Margetts-Smith | Sep 18, 2015 | All Articles, All International News Articles, CityWire, Markets
The Federal Reserve opted to keep rates at record lows during its September meeting following keen market scrutiny over whether Janet Yellen and her colleagues would finally take action. With the central bank opting to hold off from the first increase since the financial crisis, the door is now open for a December rise. In