UK bond market review: Investors welcome post-Brexit trade deal
The yield on the benchmark UK gilt fell from 0.31% to 0.20% over December as a whole as investors reacted to the news of tightening coronavirus-related restrictions in response to rising infection rat...
19th Jan 2021
The Week: Muted reaction to eleventh-hour Brexit deal
After considerable wrangling, the UK and EU have finally agreed a deal. Why aren’t financial markets more excited?
6th Jan 2021
Global update: Shares advance on vaccine optimism
After a tumultuous year in which the coronavirus pandemic gripped the world, many major stock markets ended 2020 in positive territory.
5th Jan 2021
The Week: Deal or no deal, the UK’s unpopularity could continue
The UK market is hugely out of favour, but some resolution to the Brexit situation – be that deal or no deal – see UK assets find favour once again?
10th Dec 2020
UK equity market review: Brexit trade deal remains unresolved
Share prices in the UK fell during September amid concerns that a surge in infection rates, accompanied by localised lockdowns, could undermine economic recovery. Both the FTSE 100 Index and the FTSE...
14th Oct 2020
UK equity market review: UK in recession
The UK economy entered recession for the first time since 2009: having contracted by 2.2% in the first quarter of 2020, the economy shrank at a record rate of 20.4% during the second quarter.
16th Sep 2020
UK bond market review: “Living in unusual times”
Gilt yields continued their decline over June as demand for government bonds was boosted by expectations that the Bank of England (BoE) would expand its programme of quantitative easing measures.
5th Aug 2020
Global update: Fears over a possible ‘second wave’
June proved to be a choppy month for investors as hopes of economic recovery were tempered by fears of a second wave of infection as instances of COVID-19 surged in parts of the US.
6th Jul 2020
UK bond market review: Flight to safety
Gilt yields fell during January as investors sought the perceived safety of government bonds
12th Feb 2020
The Week: The UK continues its unloved status
As Valentine’s Day approaches, the UK still can’t find many suitors. The post-election bounce has ebbed and investors are looking at the Brexit negotiations with trepidation.
Legal & General Investment Management | Boris and Brexit bust ups
Hetal Mehta, Senior European Economist, outlines why investors should prepare for the Brexit trade tensions that are likely to develop this year.
Legal & General Investment Management
10th Feb 2020
UK equity market review: Brexit’s turning-point
December provided a turning-point for the UK as the Conservative Party won the General Election. Prime Minister Boris Johnson succeeded in securing an 80-seat majority in the House of Commons.
15th Jan 2020
UK equity income market review: A defining moment for Brexit
The UK General Election proved to be a defining moment for Brexit in the UK as Boris Johnson’s decisive victory – with an 80-seat majority – paved the way for his Brexit deal to clear the House of Com...
Global update: Double-digit gains in 2019
Despite a year that was filled with political and social upheaval – from the trade war between the US and China, through Brexit, to the civil unrest in Hong Kong – many world markets achieved double-d...
9th Jan 2020
UK bond market review: Politics drives gilts in November
UK government bonds experienced a choppy November as General Election campaigning got under way.
20th Dec 2019
The Week: Back to the races? The Conservative election victory
Markets celebrated the Conservative victory, but have they been premature?
18th Dec 2019
Global update: Brexit takes a back seat
Although politics continued to dominate newsflow and sentiment in the UK during November, Brexit was superseded by the General Election as the focal point.
10th Dec 2019
UK equity market review: Brexit “flextension”
Seven months after the first Brexit delay, the Hallowe’en deadline came and went with the UK’s Brexit predicament unresolved.
7th Nov 2019
UK bond market review: Teetering on the edge
Having surged earlier in the month, amid rising hopes of a Brexit deal, gilt yields subsequently dipped later in October when it became clear that Brexit remained unresolved.
Global bond market review: Fed cuts rates once again
Following a raft of interest-rate cuts in the third quarter of 2019, the loosening monetary trend continued into the fourth quarter as central banks reduced their key rates.
Europe market review: Waiting for Brexit
The Brexit deadline was shifted once again, this time from 31 October to 31 January 2020. The EU’s chief Brexit negotiator Michel Barnier called for a close post-Brexit relationship between the UK and...
Global update: Election fever
October saw the UK plunge into election fever as progress on Brexit once again ground to a halt.
6th Nov 2019
The Week: Brexit deal 2.0: the deal that business needs?
A Brexit deal has passed the House of Commons: does this provide much needed certainty for UK businesses?
23rd Oct 2019
UK equity income market review: Politics dominate in September
UK investors’ attention was largely absorbed by Brexit during September.
15th Oct 2019
UK equity market review: Counting down to Hallowe’en
As Brexit rumbled towards its Halloween deadline, investors’ attention during September was absorbed by a series of political developments.
UK bond market review: Deal or no deal?
Gilts experienced a choppy September as speculation over the likelihood of a Brexit deal ebbed and flowed in response to political developments.
Global update: What next for Brexit?
The long-running Brexit saga took a new twist in September as the clock continued to tick towards its Hallowe’en deadline.
3rd Oct 2019
The Week: Why is the Bank of England not easing?
While the ECB and Federal Reserve are loosening monetary policy, the UK is holding out. Why?
18th Sep 2019
Global update: Parliament’s suspension creates controversy
The prospect of a no-deal Brexit crept closer during August as Prime Minister Boris Johnson announced that Parliament would be suspended.
4th Sep 2019
The Week: Borisnomics: tax cuts and chlorinated chicken
Should we ever have been in any doubt, it is now absolutely clear that Boris Johnson is happy to take the UK out of the EU on 31 October, with or without a deal. If ‘no deal’ is the final option, can...
29th Aug 2019
UK equity market review: Sterling falls on no-deal speculation
Sterling fell sharply against the US dollar and euro during July as the prospect of a no-deal Brexit began to appear increasingly possible.
19th Aug 2019
UK bond market review: No-deal plans drive down gilt yields
Mounting fears that the UK will leave the EU without a deal on 31 October drove down the value of the pound against the US dollar and the euro during July.
Europe market review: Further stimulus to come?
Following the extension to the Brexit deadline, the European Commission urged companies to ‘take advantage of the extra time” to make their preparations.
10th Jul 2019
UK equity market review: Political distraction
Three years on from the Brexit referendum – and three months after the Brexit deadline was extended – the issue of Brexit remained unresolved.
Legal & General Multi Index Update
Justin Onuekwusi, Head of Multi-Asset Retail, provides a market and fund performance update. Joining him to answer your questions on Brexit, income and active allocation is James Crossley, Head of UK...
Legal & General Investment Management
3rd Jul 2019
UK bond market review: Brexit worries fuel demand for gilts
Amid rising speculation over the likelihood of a no-deal Brexit, gilt prices surged and yields plummeted in May as investors scrambled for investments perceived to be safe havens.
12th Jun 2019
UK equity income market review: Brexit drives up equity yields
UK share prices fell during May as Prime Minister Theresa May announced that she would be standing down.
UK equity market review: Brexit tensions intensify in May
Escalating political upheaval knocked investors’ confidence in May, and share prices suffered.
Global update: US/China trade war escalates
Prime Minister Theresa May finally announced that she was resigning as leader of the Conservative Party on 7 June. Her decision triggered a leadership contest alongside rising concerns over the possib...
4th Jun 2019
Invesco | How are UK smaller companies faring?
Is the future bright for smaller companies? How are they preparing for Brexit? Fund Managers, Jonathan Brown and Robin West share their thoughts on the smaller end of the UK equity market.
28th May 2019
What next for Brexit?
After months of political wrangling over Brexit, Prime Minister Theresa May announced that she would stand down as leader of the Conservative Party.
28th May 2019
FWB - Why European elections may not spell trouble for sterling
Looming European Parliament elections look like yet another catalyst on the list of events that could rock gilt and sterling markets. But are things as tumultuous as they seem?
Legal & General Investment Management
21st May 2019
Global bond market review: Europe weakens
Demand for government bonds generally rose during April against a backdrop of intensifying concerns over the global economic outlook.
14th May 2019
Europe market review: Eurozone stages a rally
The eurozone’s economy rebounded during the first three months of 2019, posting quarter-on-quarter growth of 0.4%. Italy emerged from recession, supported by export activity.
UK equity income market review: “Hope dies last”
Having tried – and failed – to get her Brexit deal through the House of Commons three times, Prime Minister Theresa May was obliged to seek an extension to the Article 50 process.
17th Apr 2019
UK equity income market review: Brexit puzzle remains unsolved
The Brexit conundrum remained unsolved as March drew to a close, and the UK remained in the EU as Brexit Day was pushed out to 12 April. The yield on the FTSE 100 Index declined over March.
UK bond market review: Brexit uncertainties are unresolved
Following Parliament’s rejection of a no-deal Brexit, sterling surged against the US dollar to its highest level since June 2018 and against the euro to its highest level since April 2017.
Global update: Brexit postponed…
“Brexit Day” – 29 March – came and went, but the UK remained in the EU. The UK was forced to seek an extension to the Article 50 process as Prime Minister Theresa May failed to get her Brexit deal thr...
9th Apr 2019
The Week: Better times ahead for UK mid-caps
Yesterday’s vote in Parliament came as close as reasonably possible to preventing a ‘no deal’ Brexit scenario. Of course, in the absence of other options, there may still be an accidental ‘no deal’, b...
4th Apr 2019
MPs vote to delay Brexit
Having rejected the possibility of leaving the EU without a deal, MPs voted by 402 to 202 in favour of requesting an extension to Article 50.
19th Mar 2019
Brexit: where now?
Following the Government’s defeat in the second “meaningful vote” on Prime Minister Theresa May’s Brexit deal, the House of Commons voted by 321 to 278 against leaving the EU without a deal.
18th Mar 2019
Government loses second “meaningful vote”
Having lost the first “meaningful vote” on Brexit by a record margin in January, the Government went on to lose a second “meaningful vote” on Prime Minister Theresa May’s updated Brexit deal.
14th Mar 2019
Spring Statement 2019: Brexit deal holds the key
Having signalled an end to austerity in the Budget of October 2018, Chancellor of the Exchequer Philip Hammond struck a slightly more restrained tone in the Spring Statement of March 2019.
The Week: Brexit, no Brexit
Whatever side you’re on, Brexit means higher costs for asset managers, which means more consolidation
UK equity income market review: Brexit question remains unanswered
UK share prices generally rose during February, despite the fact that the pressing issue of Brexit remained unresolved.
7th Mar 2019
UK equity market review: The Brexit deadline looms
The UK ended February with the question of Brexit still unanswered. The month was dominated by political newsflow as concerns over Brexit were compounded by the resignation of eleven MPs.
6th Mar 2019
UK bond market review: Brexit “fog”
The possibility that Brexit might be delayed beyond its 29 March deadline drove sterling to its highest level against the euro for almost two years during February.
Global update: The eleventh hour...
With Brexit still unresolved and the clock counting down to the 29 March deadline, Prime Minister Theresa May announced that a second “meaningful vote” on her Brexit deal will be held by 12 March.
Europe market review: “No breakthrough in sight”
Further “robust but constructive” Brexit talk between Prime Minister Theresa May and European Commission President Jean-Claude Juncker yielded no change in February.
Europe market review: Headwinds to European growth
Although European stock markets generally rallied in January after December’s sharp falls, investor sentiment was blunted by further signs of economic slowdown. European Central Bank President Mario D...
25th Feb 2019
The Week: Investor nerves over commercial property funds
Commercial property funds have caught the eye of the regulator again, after nervous investors withdrew £315m from the sector in December. The FCA has asked for daily updates from the funds over fears...
7th Feb 2019
Global update: Brexit: more talk, no action?
Having dominated financial markets in 2018, political issues intensified into 2019 in the UK and the US. The UK inched closer towards the Brexit deadline without any sign of a resolution.
5th Feb 2019
The Week: UK dividends hit new highs
With the yield on UK shares at a level not seen since the depths of the financial crisis, are investors missing a barg
24th Jan 2019
Heightened focus on governance in the year to come
Melville Rodrigues, partner at international law firm Charles Russell Speechlys, considers the implications of important corporate governance reforms being introduced by the UK regulator
22nd Jan 2019
The clock is ticking
Hot on the heels of its heavy defeat in the “meaningful vote”, the Government survived a vote of “no confidence”. The motion had been tabled by Labour leader Jeremy Corbyn in a move designed to force...
17th Jan 2019
The Week: Is Brexit in the price?
Markets were stable in the face of political turmoil in the UK this week. Does this suggest that Brexit - in all its forms - is in the price?
“Time is almost up”
Having postponed the “meaningful vote” on her controversial Brexit deal by over a month, Prime Minister Theresa May saw it voted down by in the House of Commons by 432 votes to 202, repres...
16th Jan 2019
Global update: 2018: worst year since 2008 for equity markets
2018 proved to be the worst year for global markets since 2008. The MSCI World Index fell by 10.4% over the year as a whole, dragged down by widespread economic and political concerns. Markets seesawe...
7th Jan 2019
The Week: Reasons to be cheerful 2019
2018 hasn’t been a classic year in markets, here are a number of reasons why investors can look forward to 2019 with more enthusiasm.
20th Dec 2018
Asian Japan markets review: Japan faces economic headwinds in 2019
Japan’s economy contracted at an annualised rate of 2.5% during the third quarter of 2018, compared with an earlier calculation of -1.2%. Activity was curtailed during the year by a series of natural...
18th Dec 2018
Europe market review: EU initiates Brexit contingency measures
Despite concerns that the eurozone’s economic expansion is showing signs of faltering, the European Central Bank confirmed that its programme of quantitative easing measures was ending at the end of 2...
UK bond market review: Choppy December for UK gilt yields
UK government bonds endured a choppy December as investor sentiment was dictated by Brexit and mounting fears of a no-deal scenario. Parliament was scheduled to hold a “meaningful vote” on Prime Minis...
17th Dec 2018
UK equity market review: Mounting fears of a no-deal Brexit
Newsflow and investor sentiment were dominated by Brexit in December. Having managed to agree a Brexit deal with the EU in November, Prime Minister Theresa May later took the controversial decision to...
UK equity income market review: UK equity yields surged over 2018
UK equity markets continued their downward trend into December amid intensifying speculation over the possibility of a no-deal Brexit. Although the government managed to reach an agreement with the EU...
UK equity income market review: Brexit hangs in the balance
UK share prices fell during November as months of Brexit negotiation between the UK and the EU finally culminated in an agreed deal.
7th Dec 2018
UK bond market review: Brexit: decision time
UK government bonds and the pound remained hostages to Brexit in November as the UK finally agreed a Brexit deal with the EU.
Global update: Deal or no deal … or no Brexit at all?
Months of Brexit speculation and uncertainty came to a head in November as the UK and the EU finally succeeded in reaching a Brexit deal.
Global bond market review: Brexit sentiment drives European bond yields
European government bond yields rose sharply in November on the news that the UK and EU had finally managed to thrash out a Brexit deal.
Europe market review: Italy remains defiant
Brexit moved closer to a resolution during November as the EU and UK reached agreement on a deal; however, there are considerable doubts whether the deal will be ratified by the UK Parliament.
The Week: Santa rally ahead?
It’s a festive tradition to discuss the prospects for a ‘Santa rally’ – will markets deliver this year?
A Santa rally has happened 84% of the time...
29th Nov 2018
The Week: Deal, but no cigar
We have a deal on Brexit, but it appears to have resolved little about the future EU/UK relationship. It’s likely to be business as usual for UK assets
15th Nov 2018
UK equity income market review: Record Q3 for UK dividends
Concerns about Brexit, global economic growth, geopolitical issues and monetary tightening undermined investors’ confidence during October and share prices generally fell.
9th Nov 2018
Europe market review: Europe: “a bunch of uncertainties”
European equity markets fell during October against a backdrop of intensifying worries relating to the impact of rising protectionism, Brexit and concerns over Italy's budget.
The Week: Why was the budget so boring?
The 2018 Budget was boring, even by the standard of recent budgets, but the constraints of Brexit make it difficult to implement any radical ideas
1st Nov 2018
The Chancellor hands out short-term Halloween treats for government departments, but the spectre of Brexit still looms large, says Schroders Senior European Economist, Azad Zangana
30th Oct 2018
The Week: Tough times for UK equities
After a difficult run for UK equities, investors need to believe that neither a Labour Government nor a no deal Brexit is a possibility.
A combination of a no-deal Brexit and a Labour government...
18th Oct 2018
Brexit dominates in September
Brexit continued to overshadow sentiment in the UK during September as the EU rejected Prime Minister Theresa May’s Chequers Plan. The post-Brexit position of Northern Ireland...
5th Oct 2018
Brexit enters the last six months
Gilt yields rose during September as the Brexit negotiation process moved towards its final six months and a summit in Salzburg ended without a deal. The IMF concluded its annual assessment of the UK...
"Moment of truth"?
With six months to go until Brexit takes place, the negotiation process stalled in Salzburg as the EU rejected Prime Minister Theresa May’s Chequers plan. European Council Pres...
4th Oct 2018
Square Mile Brexit Survey
Ahead of the outcome of the Brexit negotiations, Square Mile are reviewing UK equity options in our Managed Portfolio Service and considering funds sensitivity to the potential outcomes.
Square Mile Research
19th Sep 2018
Brexit affects investor sentiment
Gilt yields declined during most of August, but rallied towards the end of the month amid speculation that BoE Governor Mark Carney might be requested to stay on beyond the end his term...
5th Sep 2018
Brexit concerns intensify
Amid mounting fears that the UK might have to exit the EU without a deal, the pound wobbled during August, dipping below US$1.27 against the US dollar for the first time in over a year....
UK equity yields rise in August
UK equity markets declined during August as investor sentiment was undermined by escalating concern that Brexit might actually take place without the UK and EU reaching a deal. The yiel...
Investec | Two years on from Brexit, what's in store for UK investors?
At our London Global Insights event held in June this year we asked our portfolio manager and strategy leaders: Two years on from the Brexit vote, what’s in store for UK investors in the next 12 month...
9th Aug 2018
The Week: False hope on UK assets
While international fund managers seemed to give the UK market a tentative thumbs up, it is not a ringing endorsement.
25th Jul 2018
The Week: Inflation statistics: another gloomy sign?
This month’s inflation data undershot. Another reason to be gloomy about the UK’s prospects?
19th Jul 2018
UK equity market review: “Cards on the table”
UK equity markets were blighted during June by Brexit, amid rising concerns over the UK’s lack of progress as the deadline moves closer. EC President Donald Tusk called on the UK to...
16th Jul 2018
UK bond market review: UK rates to rise in August?
June proved to be another uneven month for UK government bonds. Investor sentiment was at the mercy of macroeconomic factors, from US President Donald Trump’s introduction of puniti...
13th Jul 2018
Investec | Geopolitical landscape
Populism, Brexit, the Eurozone: How have Geopolitical risks evolved since the beginning of the year?
13th Jul 2018
UK equity income market review: UK equity indices rise above the tension
Despite escalating trade tensions, uncertainties over Brexit, and political instability in Italy, UK equity markets rose during May. The FTSE 100 Index increased by 2.2% and reached a new...
11th Jun 2018
UK bond market review: Gilt yields driven down by demand for safe havens
UK gilts experienced a choppy month during May. The yield on the benchmark ten-year government bond rose above 1.55% during the middle of the month, but plummeted towards the end of May as...
8th Jun 2018
Corporate activity grips UK markets
Despite ongoing Brexit-related uncertainties and fresh political instability in the UK, newsflow during April was dominated by a wave of corporate activity. Elsewhere, the ECB reassured...
1st May 2018
The Week: Is there value in UK assets?
Global investors shun the UK, while canny corporate buyers are taking an interest. Who is right?
19th Apr 2018
The Week: The first signs of Spring for the UK economy?
What a difference a week makes. From gloomy, snowy backwater, the UK is suddenly showing the first signs of Spring, with inflation down, a Brexit transition deal sorted and a small recovery in the pou...
22nd Mar 2018
UK bond market review: Gilt yields soar in January
Despite a rally in the value of the pound, UK government bonds experienced a drop in demand during January, sending yields sharply higher.
14th Feb 2018
Europe market review: The EU sets out its Brexit stall
The EU outlined its requirements for the UK during the post-Brexit transition period that will take place from March 2019 to the end of 2020.
Global update: Sterling regains pre-Brexit levels
The pound strengthened to its highest level against the US dollar since the Brexit referendum in June 2016, rising above US$1.40. Although sterling was lifted by weakness in the US...
8th Feb 2018
Pandora's Box of UK Politics
Investing in developed markets rarely involves high levels of political risk; over the long term markets are driven by the path of corporate earnings. However, today UK investors need...
Square Mile Research
16th Jan 2018
The Week: Everything is rosy in the economic outlook, so why don’t we feel happier?
In such a good environment, investors are surprisingly gloomy. Is it time for some Christmas jollity?
7th Dec 2017
Global update: Renewed aggression from North Korea
North Korea returned to the forefront of investors’ awareness in November following its decision to fire another ballistic missile towards Japan.
5th Dec 2017
The Week: Gloom and gloomier
If the Chancellor’s Budget predictions for UK growth were not gloomy enough, the OECD made some even gloomier ones this week.
28th Nov 2017
Global update: Politics dominate in October
Politics grabbed the spotlight during October, and global investor sentiment was affected by mounting political crisis in Spain, General Elections in Japan and Austria, and continuing developments &nd...
7th Nov 2017
Britain's toxic politics: what does it mean for UK assets?
The UK is a political mess, and it's starting to weigh on the economy, and the performance of UK assets.
The UK political scene is as uncertain as it has been for some time.
Brexit talks a...
12th Oct 2017
UK equity market review: “No decisive progress” in Brexit talks
UK share price performance was dampened in August by escalating tensions between North Korea and the international community.
28th Sep 2017
The Week: How to explain the mismatch between economic growth and labour market statistics?
We currently have a situation where the labour market and GDP growth statistics are telling a different story.
24th Aug 2017
The Week: Uncool Britannia
The UK is in the grip of a crisis with a political vacuum and weakening economic data. But is it really as bad as the headlines suggest?
Manufacturing is providing a chink of light
10th Aug 2017
The Week: This year’s ‘Spot the Dog’
It’s fair to say that Bestinvest’s ‘Spot the Dog’ list is not popular with fund management groups.
1st Aug 2017
Brexit: one year on
One year after the Brexit referendum, negotiations between the EU and the UK have finally started, although the UK Government’s position has been undermined by the hung Parliament. Having fallen...
27th Jun 2017
Schroders | 60 seconds with Marcus Brookes on 2017's challenges
In this video, Marcus Brookes looks back on what drove markets in 2016 and why next year could be different.
27th Feb 2017
Schroders | 60 seconds with Marcus Brookes on opportunities after Brexit sell-off
So the UK has voted to leave the EU today which was a bit of a shock to financial markets. We just spent the last week or so seeing a very nice rally in risk assets, particularly in Europe and the UK...
24th Jun 2016
AXA IM | UK equities with Chris St John and Nigel Thomas
Watch a webcast from AXA IM with Chris St John and Nigel Thomas as they talk on a number of topics including the challenging market for UK equities, the impact of Brexit on UK companies and where they...
AXA Investment Managers
25th Apr 2016
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