Daily Brief – Approval Ratings

Approval Ratings

One month in and while unlikely to cause POTUS Trump sleepless nights, his approval ratings have shifted markedly on his handling of the US economy. Up from 43% to 53% of those polled believe he on the wrong track. Some noise about immigration and inflation but it is noteworthy that 54% of respondents oppose the new tariffs that he is introducing. Overall it should be remembered that after a month 44% of Americans think that he is doing a decent job.

EUR/USD 1.0427.

G20

In the new world order what was previously rare if not unknown when the G20 kicked off yesterday in South Africa it did so without the USA attending. As night follows day, China was swift to fill the gap following President Trump banning further aid to the country promising an increase in their aid to RSA. Marco Rubio described South Africa’s aims during its G20 Presidency as “very bad goals.”

GBP/USD 1.2589.

German Election

As 60 million Germans prepare to vote this weekend, the outcome may be less cut and dried than previously thought with up to 30% of voters still undecided. Most of those are young(er) ones and that is where an AI Chatbot named Wahl.chat comes in. Developed by a team of German doctoral students at Cambridge University it aims to help answer pesky questions such as which party deserves the questioner’s vote. Maybe the chatbot will have a use at the next UK General Election.

EUR/GBP 0.8283.

Stilling

This is the scientific name for a drop in global wind speeds. According to research recently published by the University of Illinois, USA winds will drop by 5% in the next 25 years. That will make an appreciable difference to the output from renewable energy projections. Impeccable timing given the inexorable onward march of wind turbine farms.

USD/JPY 150.35.

Stand By Me

This day in 1987 Ben E King had a Number One with this version of the 1961 song written and performed by… him. Now that’s what we call taking a long term investment perspective: a 26 year gestation period.

When the night has come
And the land is dark
And the moon is the only light we’ll see
No, I won’t be afraid
Oh, I won’t be afraid
Just as long as you stand
Stand by me

So darlin’, darlin’, stand by me
Oh, stand by me
Oh, stand
Stand by me, stand by me

If the sky that we look upon
Should tumble and fall
Or the mountain should crumble to the sea
I won’t cry, I won’t cry
No, I won’t shed a tear
Just as long as you stand
Stand by me

And darlin’, darlin’, stand by me
Oh, stand by me
Oh, stand now
Stand by me, stand by me

And darlin’, darlin’, stand by me
Oh, stand by me
Oh, stand now
Stand by me, stand by me

Have a Great Weekend!

Discussion and Analysis by Humphrey Percy, Chairman and Founder

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