UK stocks are higher this morning despite a surprising fall in UK retail sales last month. Data today showed that retail sales fell 0.9% month-on-month in August, with a 0.5% rise expected. This is the longest negative streak in at least 25 years, being the fourth month in a row of declines.
Much for investors to think about including important policy meetings from the US Fed and the Bank of England next week, the course of inflation and what impact that will have on US Fed taper timing, the regulatory crackdown in China and a potential slowdown in global economic recovery.
Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. 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.’
