economy

February 2019 Market Commentary

Introduction The story of the US/China trade dispute was a thread running through much of last year. Some progress was made in resolving the dispute at December’s G20 summit and that appeared to continue in January with China saying it is ‘ready to work’ with the US. Donald Trump confirmed this, describing a telephone conversation with Xi Jinping as leading to ‘big progress’. Despite a rocky start over fears of a slowdown in China, this helped world stock markets to enjoy a good month, and we started the year with a clean sweep: all the markets on which we report Read More

Brexit hits the City as jobs fall by 39%

  Whatever eventual deal (or “No Deal”) we get, the effects of Brexit will be wide-reaching and felt for years to come. The current uncertainty around the prospect of a “No Deal” has exacerbated some of the negative effects on the economy, before we even officially leave the EU. City of London recruiter Morgan Mckinley found that financial services vacancies fell by 39% in the last year. There was also a 29% decline in the number of City professionals looking for work in November 2018 compared to the same month a year earlier. All this indicates that job creation in Read More