The U.K. Stockmarket
- The UK Stock market was slightly higher this week.
- The EU agreed to resume Brexit talks but dismissed any idea of reopening the withdrawal agreement. To many observers Theresa May is planning to run down the clock and gamble on her deal being backed at the last minute to avoid a no-deal outcome. The BoE left interest rates unchanged but cut UK growth expectations because of the Brexit concerns.
- President Trump’s latest remarks didn’t help. He said he had no intention to meet with Xi Jinping, the Chinese leader, before the trade deal deadline on 1st March.
- Our Breadth indicator stayed positive and our Momentum indicator, although still negative, ticked higher again.
The U.S. Stock market
- The U.S. Stock market finished flat this week.
- A strong start to the week was derailed on Thursday following President Trump’s comment that he had no intention to meet with Xi Jinping, the Chinese leader, before the trade deal deadline on 1st March.
- Energy stocks under-performed as the price of oil fell.
- Our Breadth indicator stayed positive this week and our Momentum indicator (although still negative) ticked higher again.
The Big Picture 8th February 2019
Market Sentiment 8th February 2019
U.S. Risk Barometer 8th February 2019
Europe Risk Barometer 8th February 2019
Emerging Markets Risk Barometer 8th February 2019
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This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’
