REMINDER: Last call for pre-registration for the Webinar Thursday 30th November 10am Pre-registration link is here: https://event.on24.com/wcc/r/4415548/1FE19490B28856477CC82CC544A090D0 N.B. The webinar will be recorded, so if you cannot attend but.
Read moreMonday Musings – 03.02.2020
As I flagged in my note last week the markets have had a difficult week due to the Corona virus. The most important thing to remember is that although the virus is having an impact, once it is under control markets will recover.
The FTSE100 had another issue which was the strengthening of the pound following the Bank of England’s decision to leave the base rate where it was. For FTS100 companies whose income is largely from abroad this meant that their products will be costly for their overseas clients.
In the USA it seems clear that the Trumper will be found not guilty in the impeachment trial. Trump has signed a new version of the NAFTA agreement, the trade agreement between Canada, USA and Mexico. Which he says is a much better agreement. He can also claim to have wrung more concessions from the Chinese in the latest deal. As always it does look as if the American consumer will end up paying the price of protecting American jobs as the American worker earns a lot more than their Mexican or Chinese equivalents.
So to the markets
FTSE 100 down 3.95%
DOW JONES down 2.53%
NASDAQ down 1.76%
S&P 500 down 2.12%
NIKKEI down 2.61%
HANG SENG down 5.86%
SHANGHAI 0.00%
CAC 40 down 3.62%
DAX down 4.38%
I had a strange encounter on Facebook this week (sounds silly, bear with me…). A new mum put a post up on a local group asking for help. She said.
Read moreAs I’m sure is the case for you, I’ve been watching the coverage of the Israel – Hamas war with horror. The loss of innocent civilian lives, the impact of.
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