British consumer prices dropped unexpectedly last month, despite the steep fall in the value of the British Pound after the Brexit vote, official data showed on Tuesday. According to the Office for National Statistics, the Consumer Price Index advanced 0.9% year-over-year in October, compared to the preceding month’s 1.0% rise. That was below the 1.1% market forecast, who suggested that the weak Sterling would lift inflation last month. Nevertheless, the ONS said factory gate prices increased 2.1%, faster than expected and the largest increase since April 2012.
Some time ago this Newsletter predicted an oil price of US $50 per barrel in the short term (see Newsletter 92 of 22.01.2015) and possibly prices later ranging from $60 to $65. American shale oil producers can now make profits at $50 to $55 a barrel in the Eagle Ford Basin and a bit more in the Bakken fields while those in the Permian Basin can do well at $30 a barrel. The prediction of an oil price at about $50 has thus proven to be quite accurate so far. Regarding the future for oil prices, a cap of $60 to $65 seems to be fairly safe as a prediction. The Americans will increase production as soon as the price reaches $55 a barrel or even before that.
Nowadays, most investors acknowledge that listed real estate has deserved its status as a separate asset class or at least that it has a right of existence in a diversified portfolio. Index providers as well, recognize the specific nature of this asset class. Only recently, the Global Industry Classification Standard (GICS) introduced real estate as a separate sector based on its growing importance in the world’s equity market and its role as a foundational building block of a modern portfolio, rather than an alternative.
The price of gold was expected to benefit from the surprise Trump win, and it did immediately after, with a jump towards the September high near 1340 dollars per ounce. The rally lasted just three hours, then the course reversed and the former downtrend resumed with a sharp fall below the 1250 mark.
Why, then, the sentiment that had pushed higher what is considered as a safe haven, turned to bearish so fast? The projected investments in infrastructure promised by Trump, sparked purchases of industrial metals, bonds yield went up, and so the dollar, not a friendly environment for gold.
Donald Trump is the winner of the US presidential election, with a much greater margin than any poll had suggested. In addition, both houses of Congress fell to the Republican party, giving him the maximum possible support in office. Markets are shocked and eager to learn what of his radical agenda will be implemented, when and how.
Technology is increasingly dominating every sector of the economy. There are many published studies about the importance of technology for the next years. Accenture Technology R&D published this year a report where it is highlighted that according to their global technology survey of more than 3.100 IT and business executives, 86 percent of the executives anticipate that the pace of technology change will increase rapidly or at an unprecedented rate in their industry over the next three years
The polls and the market got it all wrong “Again”. From the start of his run as a republican candidate to the final minutes of his campaign, Donald Trump was never really taken as a serious contender to the white house, and here we are. In the face of the surprise, equity markets corrected over 5% during the night with US futures temporarily suspended
After the 2007/2008 crisis that led the financial markets to chaos, there was an urge for the implementation of regulatory reforms to recreate a stable and efficient financial system. In reaction, the U.S.A. passed the of Dodd-Frank Act in 2010, and the European Market Infrastructure Regulation (“EMIR”) in 2012 in the US and EU respectively are some examples of how the Regulators aim to set strict rules for the entire financial system in view of avoiding another crisis.
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