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MARKET VIEW w/e 11th October 2019

MARKET VIEW w/e 11th October 2019 981 980 Realm

The U.K. Stock market

  • Stock markets in the U.K. and Europe were higher this week on apparent progress in the U.S./China trade talks and increasing optimism that a Brexit deal could be achieved.
  • The Pound rallied strongly at the end of the week following a statement from Boris Johnson and Leo Varadkar, Ireland’s taoiseach, after a three hour meeting in Dublin. They said they could see “a pathway to a possible deal”.
  • Optimism rose further after the UK and the EU “agreed to intensive negotiations in the coming days.”
  • Our Breadth indicator turned neutral (from negative) this week but our Momentum indicator ticked down again.

UK Market 11th October 2019

The U.S. Stock market

  • The U.S. stock market was higher on reports that talks in Washington between U.S. negotiators and a Chinese trade delegation were making progress.
  • On Friday President Trump tweeted “Good things are happening at China Trade Talk Meeting.” Later in the day it was reported that the two countries had agreed a “phase one” deal.
  • However, today (Monday) the Chinese have said they want further talks as soon as this month to iron out the details of the deal before they will sign it.
  • Our Breadth indicator turned back to neutral but our Momentum indicator ticked lower again.

US Market 11th October 2019

The Big Picture 11th October 2019

Market Sentiment 11th October 2019

U.S. Risk Barometer 11th October 2019

Europe Risk Barometer 11th September 2019

Emerging Markets Risk Barometer 11th October 2019

Disclaimer:  ‘Where the business have 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.