09 October 2018
Hot Off The Wires - 9th October 2018
Asian markets were mixed in early trading on Tuesday, with Chinese equities rising while Japanese stocks fell. After US markets recovered their losses overnight, regional markets have traded cautiously better this morning. There are signs of short covering and even some bargain hunting, suggesting sentiment has improved slightly.
27 April 2018
Blog - When is a forecast not a forecast?
In our blog (Whither Forecasts? 19th April 2018), we highlighted that FTSE 100 constituents were covered by an average of 22 analysts and the FTSE 250 an average of 10. We have looked further into this “forecast base” and discovered that these numbers may not accurately reflect current expectations.
Press Releases & Blogs
19 April 2018
Blog: Whither Forecasts?
On 4th October 2017 we published a short article highlighting the risks posed by MiFID II constraints on the public provision of consensus forecasts. At that time, ahead of the implementation of the new regulations, we speculated that putting analysts’ research behind a paywall would reduce the amount of data provided to third parties such as Bloomberg.
05 March 2018
Blog: Government Housing Policy – not all bad for the builders
In a political environment dominated by Brexit, the continued intrusion of the “housing crisis” highlights the importance all sides ascribe to the issue. The coming week promises to be particularly meaningful with the publication of a new National Planning Policy Framework (NPPF) and the Letwin Report (on land banking).
22 February 2018
Blog: Property Portals and the Shoe Event Horizon
With the debate around UK housing intensifying, investors may have to ask where long term value is really being created, how sustainable the current structure is and whether it is now time to look to the traditional players (agents and local media alike) who could genuinely take the market back.
14 February 2018
Blog: UK Housing: A Different Question, A Different Solution?
Reading the UK business media recently, you could be forgiven for thinking that UK house builders are possibly the root of all evil and certainly the cause of the current housing crisis. One of the more frequent criticisms concerns the house builders’ use of and benefit from the Help to Buy programme. Those long of agenda but short of analysis have decided that this a “subsidy” from UK tax payers which has provided house builders with an unfair advantage; supporting demand while they drive prices up by restricting supply. In our view, this is wrong or, to quote POTUS, fake news.
13 February 2018
Blog: UK House Builders and Cash
As the market struggles with the apparent lack of direction from Government on UK housing, investors would do well to consider the builders’ cash flow as much as their sales prospects.
07 February 2018
Blog: UK Residential and the Equity market: It’s Complicated?
The UK residential market has had a long and complicated relationship with the equity market. Almost everyone has a vested interest and, therefore, a view. From house builders to estate agents, the equity market’s commentary on relative value has been coloured by political and social, as well as economic, concerns.
01 February 2018
CAG & MiFID II: A Safe Haven in an Uncertain World
MiFID II has only been in force for one month and market practice has yet to be established. Given the far-reaching scope of the new regulatory framework, it is unsurprising that there remain differing interpretations of the new rules. However, the UK equity market remains open and corporate life must go on. UK companies with December year-ends are about to announce results for 2017 and to embark on a round of investor contact. Companies, brokers and funds are all “feeling their way” in the new, MiFID II environment, potentially presenting challenges in maintaining the company/investor dialogue on which the equity market depends.
21 December 2017
Press Release: Capital Access Group is MiFID II Compliant
Capital Access Group (CAG), one of the UK’s leading independent providers of corporate access, has undertaken a review of the forthcoming regulations under (MiFID) II. As the Firm has no access to trade in financial instruments and CAG’s services cannot be viewed as inducements CAG has concluded that it falls outside the scope of these regulations.
27 November 2017
RESULTS: Intercede - Interim Results - 27th November 2017
Intercede has released its Interim Results for the six months ended 30 September 2017.
14 November 2017
REPORT: Q3 Investor Survey MiFID II, Corporate Access & the "Broker Exemption"
Over the last 9 months, Capital Access Group has conducted a series of surveys and interviews with the aim of understanding the implications of the new rules and the attitudes of those affected by MiFID II; companies, investors and brokers. This, our third report this year, focuses on the issue of corporate access under MiFID II.
14 November 2017
Press Release: Questions companies should ask about MiFID II
Capital Access Group (CAG), the UK’s leading provider of corporate access to UK companies, today publishes its Q3 Investor Survey and poses questions all companies should ask about the status of their investor meetings under MiFID II.
14 November 2017
Blog: The "Broker Exemption": An Inconvenient Question
Our research today reveals that over 90.0% of fund managers are not prepared to pay for broker meetings with companies While 75.0% of those fund managers who are prepared to pay for broker-sponsored meetings are only willing to spend £250 or less for them.
31 October 2017
Broker Exemption: Deal or No Deal?
The FCA’s announcement (26th October 2017) that “unconnected” analysts must be able to have access to companies seeking to list on the LSE goes straight to the heart of the current debate around research and corporate access under MiFID II. Specifically, the issue of what constitutes a material or a minor, non-monetary benefit to the fund manager.
23 October 2017
Blog: A Supplementary Question
Amidst the wealth of unknowns surrounding MiFID II there is a lack of comment around corporate access; the provision of company meetings with fund managers by regulated firms.
12 October 2017
Blog: 82 Days
There are almost as many (few?) days to Christmas as there are to MiFID II. Both encourage an air of expectancy among the young but a sense of impending penury for those who have been around the block a few times.
11 October 2017
Blog: Gordon Dadds Group – Legal Ease
Today Capital Access Group (CAG) publishes investment commentary on its latest client, Gordon Dadds Group (GOR.L). The company listed on AIM in July 2017, raising £18.8m at 140p. The funds were used to acquire Gordon Dadds LLP, a full-service law firm, which forms the basis of the listed entity.
04 October 2017
Blog: MiFID II and research - "If a tree falls..."
You know that you are tapping into a zeitgeist when your views appear in two major newspapers in the space of three days. Following the coverage we received for our report on MiFID II in CityAM on 2nd October, The Times today has also reported our views in a larger article covering Fidelity’s announcement of its new pricing structure.
02 October 2017
REPORT: MiFID II - Equity Research & Corporate Access - "More or Less?"
Our full report on MiFID II and how we expect it to affect Equity Research & Corporate Access.
02 October 2017
PRESS RELEASE: CAG estimates that UK Investment Research will fall by two thirds by 2021
UK companies increasingly concerned about MiFID II and market communications Half of all current analysts not “paid” through commission on equity trade Less than 450 analysts providing research to fund managers by 2021 Brokers may not be able to provide companies with new investor meetings
02 October 2017
Blog: MiFID II, Investment Research & Corporate Access "More or Less?"
There is a growing sense from some market commentators that MiFID II, while superficially significant, will not change the market fundamentally as banks and brokers adapt to the new regulations quickly. Respectfully, Capital Access Group (CAG) disagrees and has published a report today which outlines the results of MiFID II discussions with over 300 market participants in the last three months together with analysis of trading data from Bloomberg.
02 October 2017
Blog: Unite Group - The Young Ones are Growing Up
It is tempting, when asked to write a blog on a visit to a British University to recant tales of excess at “peak” freshers’ week (which now seems to last a fortnight). Tempting but inaccurate.
15 September 2017
Blog: Galliford Try - Hybrid Engine
Peter Truscott and Graham Prothero (CEO and CFO respectively) presented the company’s recent final results and 2021 strategy to CAG’s sales force yesterday.
04 September 2017
BLOG: UK House Builders
The coming week is a busy one for the UK house builders. We are due to hear from Redrow, Barratt, Berkeley, McCarthy & Stone and Bovis. All of these announcements have a relevance to Persimmon to a greater or lesser extent.
31 July 2017
Star research analysts to be hawked for $5,000 an hour
Fund managers, banks and brokers tussle over true value of research ahead of MiFID II, with views from our very own, Scott Fulton.
21 June 2017
BLOG: TIME SPENT IN RECONNAISSANCE IS NEVER WASTED
Equity capital markets are based on communication; from corporate issuers to investors and back again. To date, in the UK, generating market intelligence has been dominated by brokers and banks. However, we sense that fund managers are increasingly fed up with the steady stream of feedback requests. They may be becoming more selective in what information they provide and to whom.
06 June 2017
Blog: CAG Corporate Governance Dinner – Changing Basis
It seems that UK corporate behaviour has been under one microscope or another for decades. However, from the days of reacting to Polly Peck (Cadbury Report 1992) and Enron (The Smith Report 2003), more recent developments have been proactive, reflecting a growing realisation that corporate governance is a driver of corporate performance.
11 May 2017
Blog: More MiFID Answers about Corporate Access
MiFID II will be in force within months. Amongst other effects, this Directive will radically alter the regulatory regime for the provision of both Access and Research.
28 March 2017
Blog: “Masterly Advice”
When Alex Masterly (from The Alex Cartoon) comments on MiFID II it is clear that debate regarding the impending regulations has moved from the academic to reality. In a recent strip, Alex Masterly approaches his compliance officer highlighting that none of the bank’s clients have agreed to pay for its investment research. As ever, Alex views this as a positive; “If they don’t think our research is worth anything then it can’t be a bribe can it? So we can scrap all this MiFID nonsense.” Understandably, the compliance officer is not be swayed by this logic.
28 March 2017
2017 Corporate Governance Survey
How a company is governed is becoming as important as its financial performance in terms of investor assessment. Recognising this trend, Capital Access Group is pleased to bring you a study into investors’ views on corporate governance performance. The report, critically, examines what investors expect to hear from companies when considering an investment
01 March 2017
Blog: Galliford Try – Future Proof
From an equity capital market perspective, there was a lot riding on The Housing White Paper produced by the Department of Communities and Local Government (DCLG) on 7th February 2017. It was expected to offer a panacea for the “UK housing crisis”; unlocking a swathe of new home development without compromising the Green Belt, current house prices and Government finances. Unsurprisingly, given the weight of expectation, the White Paper did not please all parties.
16 February 2017
Blog: Hearts and Minds: Grainger and PRS
When the economic history of the UK in the early 21st Century is written, the evolution of the housing market is likely to play a significant role. Home ownership was the dominant feature of the market in the latter half of the last Century. The “Right to Buy” programme, mortgage deregulation and regular bouts of real house price inflation (HPI) combined to make a UK house more than just a home. In a very real sense, your house was and is a critical component of your net worth.
07 February 2017
Blog: Redefining the Cycle
“May we live in interesting times” is typically described as “the Chinese Curse”, referring to the uncertainty of such a period. However, the Mandarin character for “Crisis” bears the meaning of opportunity. While we live in undoubtedly “interesting times” following the votes for Brexit and The Trump Presidency and may well face undetermined “crises”, Redefine’s Capital Markets Day highlighted how the company is committed to ensuring that it is well placed for any uncertainty and seeks to take advantage of any opportunities which current markets provide.
06 February 2017
Press Release: Capital Access Group Q1 2017 Investor Perceptions Study
Capital Access Group (“CAG”), the UK’s leading provider of investor access for listed companies, today publishes the results of the first in a series of quarterly investor perception study.
11 January 2017
Blog: The Capital Access Group Investor Survey
We are now less than 12 months away from the imposition of MiFID II on the 1st January 2018 and there can be few regulatory changes which have generated as much debate whilst providing so few conclusions. CAG has launched a survey of investor opinion. In the first of a quarterly series of polls, we have asked our investment audience whether they pay for corporate access currently and, critically, whether they expect to pay after MiFID II. We are conducting this survey in conjunction with The Times.
13 December 2016
Blog: Is the UK's PRS growing up?
Had Napoleon Bonaparte viewed the United Kingdom today, I doubt that his dismissal of our national character would be any less harsh than it was in the Nineteenth Century. However, while we were truly a “Nation of Shop Keepers” then, we are now more likely to be characterised as a “Nation of Landlords”.
08 December 2016
Blog: A Quiet Revolution
It is often said that it is the quiet ones that you have to watch. This is never truer than in the case of revolutions. Such may be the case with Housing Associations.
01 December 2016
Blog: Remember, remember the month of Movember
The men of Capital Access Group threw their support behind the Movember campaign.
24 November 2016
Blog: Zweites Finanzmarktnovellierungsgesetz - Soft Brexit Looks eminently achievable for UK Financial Services Companies
08 November 2016
Blog: Halifax House Price Index: Continued Momentum
Halifax has produced its House Price Index (HPI) for October 2016
04 November 2016
Blog: UK Housing; from demand to supply
As if to reinforce the “Rumsfeldian” nature of post-Brexit economic debate (“unknown unknowns”), the Bank of England’s latest Monetary Policy Committee (MPC) report has pointed to a sharp rise in UK inflation but an increased level of economic activity in 2017.
02 November 2016
Blog: Irish "housing" eyes are smiling
While it has produced more than its fair share of builders, Ireland’s recent history of residential development is somewhat less impressive.
02 November 2016
Scott Fulton Joins Capital Access Group
Capital Access Group has recruited Scott Fulton as head of its Financial PR operations.
29 September 2016
Blog: MIFID II (3rd Consultation) - Change is inevitable
The FCA has today published its third consultation paper on MIFID II which is due to be implemented on 3rd January 2018.
26 September 2016
Blog: Brexit Watch - A broad-based rally with just a few unexplained losers
In the three months since the UK voted to leave the European Union, equity markets have been surprisingly strong...
08 September 2016
Blog: How to Play Mobile Tech - Moon-shot or Shovel?
Ever since the first Californian gold rush, shrewder types have observed that the way to wealth is not necessarily finding gold. Gold mining has the return distribution of a “moonshot” – high upside but low probability. Whilst more speculative types are on their knees prospecting for nuggets, the higher probability way to make a fortune in a gold rush is by selling shovels and other services to the gold mining hopefuls...
01 July 2016
Blog: BREXIT - Well, we all got that slightly wrong...
Along with everyone else, we were mildly surprised to wake up on the morning after the referendum to find that the UK had voted to leave the EU
19 May 2016
Blog: Investment Trusts Seminar - A Short Summary
Capital Access hosted an investor seminar on the Investment Trust sector. Managers from six closed-end funds (Jupiter US Smaller Companies, Baronsmead VCT, Pantheon International, Apax Global Alpha & Highbridge Multi-Strategy Fund) presented on their strategies, followed by our keynote speaker, Gervais Williams, and a Q&A panel.
09 May 2016
Blog: Capital Access Group "Brexit Debate" - We will stay in, but it will be close
We will stay in, but it will be close.
21 April 2016
EU Referendum Discussion - Monday, 9th May
Capital Access is hosting an EU Referendum breakfast discussion on Monday, 9th May at 8.30am. The discussion will focus on the economic implications of the referendum from both sides.
11 April 2016
Blog: What Investors Want from Companies
Have you ever wished as a quoted company that investors would tell you what they “really, really want”? Well, the Investment Association has just published an Action Plan for the investor community.
08 April 2016
Blog: Cameron finds a socially useful way to avoid tax
Passive fund managers seem to be winning the argument versus higher charging active fund managers. ETFs took in a record $372bn of net new assets last year, and the industry now controls nearly $3tn of assets. As more money flows into passive funds, it is worth thinking about some of the possible negative consequences.
05 April 2016
Blog: Woodford breaks ranks on the cost of research
Not for the first time, Neil Woodford has broken ranks with the rest of the fund management industry. He has announced that his funds will change the way it pays for research. From this April the fund manager will now pay for research directly. Previously, in line with industry practice, fund managers customers paid for research, and it was hard for those customers to know if they were getting value for money.
01 April 2016
Extel 2016 Survey Voting Now Open
The Extel 2016 survey is now open for voting - running through to 29 April. If you value our service, we would appreciate your vote. Capital Access is listed in the ‘Non-Deal Roadshows’ category under ‘Company & Expert Meetings’.
23 March 2016
BLOG: BANKING'S NEW STORM
In a relatively benign credit environment post financial crisis (bad debts are down 90% since 2010) revenue at universal banks has shrunk by a third 2010 v 2015. In contrast at the FY results, banks without legacy issues like Shawbrook and Aldermore are growing revenue at double digit rates. Once the new new entrants (with names like Mondo, Civilised, Atom, Tandem and Starling) really hit their stride, there will be many more banks competing in a shrinking revenue pool.
17 March 2016
BLOG: SAVVY XAVIER
Well done Xavier Rolet! The deal that London Stock Exchange Group Plc's CEO has negotiated with Deutsche Boerse AG is remarkable. It offers significant benefits. It may also be Europe's last chance to create a credible rival to the huge market operators in the United States.
10 March 2016
BLOG: SPOTLIGHT ON DATA SCIENCE INITIATIVES IN CONSUMER BEHAVIOUR RESEARCH
Jaywing, the AIM listed data-led marketing services company last week announced a ground-breaking collaboration with the Data Science Institute (DSI) at Imperial College, London. Jaywing has entered into a three and a half year project intending to deliver a breakthrough in the understanding of cognitive behaviour in the advertising and marketing services industry.
03 March 2016
CAPITAL ACCESS APPOINTS SIMON BRICKLES AS CHAIR OF NEW ADVISORY GROUP
Capital Access Group, the leading investor engagement adviser, is pleased to announce the appointment of Simon Brickles to chair its newly-established Advisory Group.
17 February 2016
BLOG: IS MARKETPLACE LENDING GOING MAINSTREAM?
A new report published by Nesta and Cambridge University suggests that P2P lending is becoming more institutionalised. An article in the FT this morning (17 Feb 2016) “Banks behind a quarter of loans on peer-to-peer websites” wrongly attributes this to banks.
12 January 2016
BRUCE PACKARD JOINS THE CAPITAL ACCESS TEAM
Capital Access Group, the leading investor engagement adviser, is pleased to announce that Bruce Packard CFA has joined its Investor Analytics team.
11 January 2016
BLOG: UK FUND REDEMPTION ANALYSIS - DECEMBER 2015
The downward trend of outflows from UK equities that we saw in October 2015, as measured by Index funds, has now reversed. This trend is also mirrored among active mandates.
06 January 2016
Capital Access Group appointed by Avation and Eco Animal Health
Capital Access Group is pleased to announce that it has been appointed by two new clients.
24 November 2015
BLOG: WPIC REPORT CLAIMS THAT GLOBAL PLATINUM DEMAND COULD RISE POST VW SCANDAL
It has been a tough year for everyone operating in the platinum market. The spot price has fallen by 14.2% to $855/oz which is its lowest point since November 2008 when it reached $852/ oz and compares with the all time high in March 2008 of $2,066/ oz.
20 November 2015
BLOG: WHO OWNS UK EQUITY?
The recently published ONS report on the ownership of UK shares underlined the continuation of some embedded long-term trends. Ownership of UK-quoted equity by UK institutions and individuals continues to fall in favour of overseas headquartered investors.
19 November 2015
LAUNCH OF CAPITAL ACCESS INSIGHT – INVESTOR PERCEPTION STUDIES
Capital Access Group, the leading investor engagement adviser, has launched ‘Capital Access Insight’. This will offer listed companies a unique approach to investor perception studies.
10 November 2015
BLOG: LONG-TERM PROSPECTS FOR HOUSEBUILDERS LOOK PROMISING
Against the background of a strong Q3 trading update from Persimmon last week, there have been a few negative comments on the sustainability of the housing market recently. We could see little in Persimmon’s current position that supported this (margin improving, land bank strong, new land prices low, strong dividend growth, etc, etc.) but it is worth looking at the arguments for and against.
09 November 2015
BROKER PROFILE LAUNCHES NEW NAME AND REBRANDING AS CAPITAL ACCESS GROUP
Broker Profile today announces that it has launched its new name and branding as Capital Access Group.
15 October 2015
CAPITAL ACCESS GROUP APPOINTED BY EXANE BNP PARIBAS
Capital Access Group, the leading investor communications consultancy, has been appointed by Exane BNP Paribas to provide advice on its PR strategy.
09 October 2015
Broker Profile proud to sponsor AIM Award
Broker Profile, part of the Capital Access Group, the leading investor engagement consultancy, is proud to have sponsored the International Company of the Year Award at the AIM Awards 2015, held last night.
28 July 2015
BROKER PROFILE ACQUIRED BY NEW MANAGEMENT TEAM
Broker Profile, the specialist Investor Relations consultancy today announces that it has been acquired by Capital Access Group Limited. Capital Access was founded by Richard Feigen and Kevin Lapwood, until recently partners at Hub Capital Partners and, respectively, the ex-Managing Director and ex-Head of Research at stockbrokers, Seymour Pierce.
15 January 2018
Hot Off The Wires - 15th January 2018
Asian stocks were at historic highs today after US stocks touched record highs on Friday following better-than-expected results from JP Morgan and Wells Fargo.
Hot Off The Wires - 19th December 2016
10 May 2017
Hot Off The Wires - 10th May 2017
The FTSE has opened up as markets are generally on edge after US President Donald Trump's shock dismissal of FBI director James Comey late last night. The move sent the dollar down, other European markets are forecast to open lower this morning
27 April 2017
Hot Off The Wires - 27th April 2017
London shares have opened down after stock markets in Asia were broadly lower, with investors cautious following the Bank of Japan's policy statement. The Nikkei was down 0.4% despite a weaker yen. Elsewhere in the region, the Shanghai Composite Index was off 1%, while the Hang Seng fell 0.4% and Australia's S&P/ASX 200 was flat. Watch out for: Eurozone consumer confidence and business climate (April), ECB interest rate decision, German CPI (April) and US durable goods orders (March).
06 February 2017
Capital Access Group & The Times: Investor Perception Survey
Capital Access Group (“CAG”), the UK’s leading provider of investor access for listed companies, today publishes the results of the first in a series of quarterly investor perception study.
Hot Off the Wires Archive
08 October 2018
Hot Off The Wires - 8th October 2018
Asian stocks remain broadly lower, extending last week's selling and the Friday drop seen in the U.S. Chinese equities continue to lead the way as that market catches up with what happened to start October while the Golden Week holiday was observed there.
04 October 2018
Hot Off The Wires - 4th October 2018
Vice President Mike Pence will deliver a stinging rebuke to China in a speech scheduled for Thursday in which he will take aim at what he says are Beijing's attempts to influence U.S. elections and global politics. Mr. Pence's speech is a signal to Beijing that there is a limit to the bonhomie between Mr. Trump and Chinese President Xi Jinping, administration officials said. The excerpts provided by the White House don't describe new actions the administration will take against China but instead sketch an ominous portrait of a country seeking to expand its global influence.
03 October 2018
Hot Off The Wires - 3rd October 2018
White House economic adviser Lawrence Kudlow trade talks between the U.S. and China could resume when policy makers meet in Buenos Aires in December for the Group of 20 meeting. Mr. Kudlow said that no formal plans have been made to resume talks, but said U.S. officials are ready to negotiate as long as the conversations are serious. "The great hope here is that China will come to the table and start playing by the rules," he said, adding so far the talks "have been unsatisfactory from our point of view." Asian stock markets were mixed, though largely improved, as morning trading progressed Wednesday, with indexes in Japan and Hong Kong stocks recovering somewhat from early weakness.
02 October 2018
Hot Off The Wires - 2nd October 2018
International Monetary Fund Managing Director Christine Lagarde is raising alarm bells about the health of the global economy, saying international growth may have plateaued. Ms. Lagarde said the IMF's official economic forecasts, which will be released next week, have "become less bright" and that factors identified as merely risks earlier in the year have begun to materialize. Watch For: Nationwide House Price Index; construction PMI; Jean-Claude Juncker addresses MEPs; ECOFIN meeting of EU finance ministers
01 October 2018
Hot Off The Wires - 1st October 2018
The U.S. and Canada were preparing to announce a dramatic, last-minute deal Sunday on revising the North American Free Trade agreement, lifting a cloud of uncertainty over the quarter-century-old continental commercial bloc. The pending agreement will allow Canada to join an accord reached in late August between the U.S. and Mexico and diminishes the prospects for President Trump to follow through on his threats either to kill Nafta outright or to break the trilateral pact into separate pieces. An intensifying trade brawl with the U.S. is starting to take a heavier toll on China's economy, as weakening foreign demand and sluggish domestic consumption cause Chinese manufacturers to significantly scale back production. The manufacturing slowdown, detailed in reports released Sunday, raises the prospect that China's leaders will step up economic stimulus measures to prop up growth.
27 September 2018
Hot Off The Wires - 27th September 2018
British finance minister Philip Hammond will reveal his autumn budget October 29th, a month earlier than expected, he announced on Wednesday. The move means his statement won't clash with a crucial Brexit meeting planned for late November, at which both sides in the negotiations hope to break the deadlock. Mr Hammond is also under pressure from other members of his party to relax his grip on public spending. British Prime Minister Theresa May has already announced plans for an extra £20bn a year for Britain's National Health Service.
26 September 2018
Hot Off The Wires - 26th September 2018
Labour members ratified a proposal for Labour to consider a second referendum if talks with the EU fail-or if the British Parliament rejects the settlement Prime Minister Theresa May negotiates with the EU. Crude rose to $80 a barrel days after President Trump chastised OPEC delegates. But in the aftermath of the cartel's gathering in Algiers this past weekend, higher prices may be set to continue.
25 September 2018
Hot Off The Wires - 25th September 2018
President Trump signed a revised free-trade pact on Monday with South Korea, as he steps up efforts this week to show he can strike new market-opening deals and isn't antagonistic to trade. With Hong Kong and South Korea closed Tuesday, other Asian-markets showed little reaction to the reworked US-Korea Free Trade Agreement. Japan stocks have had the best start to the week in the region, bucking hte wide declines seen in Asian equities yesterday.
24 September 2018
Hot Off The Wires - 24th September 2018
Asia stocks eased on Monday in holiday-thinned morning trading session as the safe-haven yen gained and China cancelled upcoming tariff talks with the US. On Friday, Wall Street closed mixed with the Dow adding 0.32%, the S&P 500 mostly unchanged and the Nasdaq easing 0.51%.
21 September 2018
Hot Off The Wires - 21st September 2018
OPEC and its Russia-led counterparts meet this weekend, as international oil prices flirt with multiyear highs, to gauge whether they need to boost output amid U.S. sanctions on Iran. Asian stocks markets were mostly higher in early trading Friday, building on fresh gains seen overnight in Europe and the U.S. The Dow Jones Industrial Average and S&P 500 set new highs Thursday, kindling hopes among some investors that buoyant U.S. stocks are on track to exceed Wall Street's performance expectations for 2018.
20 September 2018
Hot Off The Wires - 20th September 2018
Wall Street closed mostly higher on Wednesday, with the Dow hitting its highest level since late January, as investors shrugged off escalating trade tensions and focused on improving economic fundamentals. In Asia, share markets were mixed on Thursday morning following broad gains on Wall Street overnight.
14 September 2018
Hot Off The Wires - 14th September 2018
Wall Street closed higher on Thursday on the back of strong technology shares and news that China may be receptive to overtures from the US on new talks to sooth trade-related jitters. Investor sentiment also improved after Trump administration gave Beijing another chance to try to stave off new tariffs on $200bn in Chinese exports. A fresh round of trade talks could take place later this month. In Asia, share markets were mixed on Friday in morning session as trade tensions continued to linger.
13 September 2018
Hot Off The Wires - 13th September 2018
US stocks closed mostly higher on Wednesday, but Nasdaq fell weighed down by a decline in Apple as it made just minor changes in its new iPhone, and other technology shares. The S&P 500 index edged up one point to 2,889 and the Dow Jones Industrial Average added 28 points, or 0.1%, to 25,999. Meanwhile, the Nasdaq Composite Index shed 18 points, or 0.2%, to 7,954.
12 September 2018
Hot Off The Wires - 12th September 2018
Asian stock markets fell early Wednesday as trade tensions rose following a report that China is seeking permission from the World Trade Organization to impose sanctions against the U.S., separate from the tariff battle between the world's largest economic powers. Europe's center-right establishment unexpectedly dropped its support for Hungarian Prime Minister Viktor Orban over domestic policies it described as anti-democratic, raising the likelihood the country would be censured in the European Parliament.
11 September 2018
Hot Off The Wires - 11th September 2018
Top trade officials from the U.S. and the European Union reached no breakthrough yesterday in Brussels on laying out a pact that would deliver on an earlier agreement to avert a trans-Atlantic economic fight by slashing tariffs and boosting commerce. After their first meeting since President Trump and Jean-Claude Juncker met in July, US Trade Representative Robert Lighthizer and European Trade Commissioner Cecilia Malmström said they had a "constructive" and "forward-looking" encounter, but provided no details. Watch For: Unemployment; Philip Hammond takes questions in Parliament; Theresa May chairs weekly Cabinet meeting; UN, Iran, Russia and Turkey in talks on new Syrian constitution.