Good Afternoon
FTSE 100 7621.01 +72.00 (0.95%) @ 10.53 am
FTAS 4157.91 + 33.83 (0.82%)
Dow Jones 27192.45 +51.45 (0.19%)
The week ahead …….…
Business and economic news provides a busy week ahead. Tomorrow kicks off with the Bank of Japan (BoJ) rate decision
and Robert Lighthizer (the USA trade rep) meets his Chinese counterparts in Shanghai. Trade is again on the tip of the economic tongue!
On Wednesday, Jerome Powell (Fed Chairman) steps up to the plate to announce the FED’s rate decision.
The FOMC are expected to cut rates for the first time in a decade. Forecasters are predicting a rate cut of 0.25%
Thursday sees Bank of England (BoE) Chairman, Mark Carney, taking centre stage in relation to policy decisions.
Friday – look out for the US Jobs report.
There is a lot to take in; with the background of UK Prime Minister’s, Boris Johnson, rally cry of “The UK is leaving the EU on the 31st October 2019 with or without a deal” which has further delivered a weakness to sterling.
Sterling traded at 1.2330 at around 9am earlier, with the FTSE 100 jumping 1% or so.
“Risk On”
Asset prices may be ‘inflated’ given the present macro position…?
As always, the long term must be the focus but for new investment money the short term looks ‘pricey’.
As always, if you have any question or require professional Independent Financial Advice, simply get in touch where we will assist you.
Warm Regards.
Richard and the Best Price FS Team