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Emerging markets growth leaderboard
Thursday 28 Nov 2019The latest projections from the International Monetary Fund (IMF) are for growth from emerging markets to be significantly stronger than from developed economies in 2020. In some respects this is unsurprising. The nature of the populations of emerging market countries or their ‘demographics’ are a...
Emerging markets: Views from the experts
Thursday 28 Nov 2019Partial trade deal: News that the United States and China reached a partial trade deal in October was cheered by investors globally. The ‘phase one’ agreement, which was originally expected to be signed in November, is said to cover agricultural products, financial services, currency and...
BT investors face dual threat of renationalisation and more dividend cuts
Thursday 21 Nov 2019If BT ( BT.A ) investors thought the dividend was a headache, they are probably nursing a migraine now. A pledge by Labour’s Shadow Chancellor John McDonnell last week to take BT’s broadband national infrastructure backbone Openreach into public hands really did come out of the blue. The market has...
Four stocks priced for perfection and likely to disappoint investors
Thursday 14 Nov 2019Controversial Brexiteer hedge fund manager Crispin Odey is fond of saying that cycles never die, or what goes up inevitably comes back down. What this means is that investors can sometimes mistake structural growth for cyclical growth. This can be applied to a company’s valuation too, which expands...
What’s behind the new all-time high in US markets?
Thursday 07 Nov 2019If you have just been reading the newspaper headlines over the last few months, it’s been rather gloomy material in general – from increasing US-China trade tensions to fears over Brexit and slowing global growth. And yet one of the most followed global indices – the S&P 500 – hit a new all-...
Emerging markets: Views from the experts
Thursday 31 Oct 20191. India’s Finance Minister Nirmala Sitharaman announced a meaningful reduction in India’s corporate tax rates to help spur investment and boost growth in the country’s slowing economy. These changes came as a positive surprise and send a strong signal that the government has recognised the stress...
The demographics driving India
Thursday 31 Oct 2019The introduction of new more generous tax laws has helped to revive interest in the Indian investment story. Although growth expectations have taken something of a knock in recent months the long-term picture in the country is underpinned by several drivers not least the country’s favourable...
Which assets perform the best in bear markets
Thursday 24 Oct 2019Worries about the possibility of a global economic slowdown appeared to gather pace last week when China posted its slowest growth since 1992. This adds to existing concerns about a brewing trade war between the US and China, a US stock market seemingly running out of steam, yield curve reversion,...
Why US earnings fears look overdone
Thursday 24 Oct 2019US stocks have been stuck in a rut for the last few months, unable to break out of their narrow trading range as investors weigh the potential damage to corporate earnings from tit-for-tat tariffs with China and a sharp fall in confidence among domestic manufacturers. Thanks to the trade war, a...
Six fascinating things you didn’t know about Morrisons, AO, Laura Ashley and more
Thursday 26 Sep 2019Investors typically get to know companies well if they follow their story through trading updates and financial results. That doesn’t always give you the full picture. Several quoted businesses have unusual assets which aren’t front and centre of the investment case. There is often logic behind...