Selected by the Conservative Party to deliver Brexit it is now down to Boris to put the Boris factor into Brexit- and deliver. GBP unchanged pro tem and the wider market watching this morning for his cabinet appointments which will be the first signs of intent-and ability.
Gold at $1426 a 6 year high on the back of low and lower still to come USD rates plus global tensions especially in the Gulf. The new Shanghai tech focused Star market is roaring on as investors rush to get in on the latest Chinese rage. Like all rockets, the tendency is to fall back to earth…see below.
If anyone had any doubts about India joining the elite group of globally leading nations, the expenditure of $140M on an unmanned rocket named Chandrayaan 2 should dispel those. The mission is to land a vehicle on the moon and reach the as yet unexplored South Pole. It is 11 years since Chandrayaan 1 set off and all being well it will be champagne and chapatis all round in early September when the latest symbol of India’s virility and muscle gently settles on the surface of the moon. To avoid disappointment, train your telescopes to see a (virtual) Manish on the Moon!
So farewell to one of the world’s great modern architects on Friday. From London’s Canary Wharf to One Park West in Liverpool to the Petronas Towers in Kuala Lumpur, the US embassy in Tokyo and many many more iconic buildings, the distinguished Argentinian architect left his stamp across the globe. A true world visionary who built a global practice. Hats off to CP!
Considered first class letter in the Financial Times from UK retired General Jonathan Shaw who remains one of our brightest and most cerebral military intelligence assets: seek diplomatic solutions rather than military confrontation and avoid getting sucked into US belligerence. It has to be said that markets have NOT priced in an escalation in the very serious situation between Iran and the West.
Discussion and Analysis by Humphrey Percy, Chairman and Founder
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UK A couple of statistics over the weekend that caught the eye: the first is more marketing than substantive economically, but the second one is rather more significant. Taking the first one, Saffron Building Society is offering its savers who have been with them for more than 1 year the chance to open a monthly […]
UK House Prices Unsurprisingly given the 12 interest rate rises and cost of living squeeze in the UK, the housing market has seen its largest year on year fall since 2009 when everyone was suffering from the global financial crisis. In the year to April the UK housing market has dropped by 3.4% with the […]
UK Wages Bank of England Governor Andrew Bailey yesterday warned of the pressure on wages that are threatening to lead to a wage price spiral as the effects of inflation on the cost of living together with the 12 consecutive interest rate rises that consumers have experienced. The market has not enjoyed the poor inflation […]