The pound reacted well to the Bank of England’s decision to keep interest rates the same. This is almost certainly because leading indicators have improved since the general election, which lifted some of the prevailing uncertainty. But the UK is now officially in the transition period, and talks with the EU will be tough.
Almost half of all S&P 500 companies have now published their Q4 earnings figures. The results are good – three quarters of firms managed to beat the consensus. What’s more, they did so by a much larger margin than in previous quarters, in terms of both earnings per share and income.
The coronavirus epidemic continues to spread, with more than 17,000 cases confirmed so far. There have been around 360 deaths, so the mortality rate is still much lower than for the Sars outbreak in 2009. Fears of a global epidemic have rattled the financial markets. But drastic isolation measures have been put in place by China, which means there’s still hope that the epidemic will be relatively short-lived.
Are investors too sanguine about inflation?
Things are looking up in Europe
To go deeper
Coronavirus continues to spread. It has now far outstripped the 2003 SARS outbreak in terms of the number of people infected and the number of deaths. So far, it has mainly affected China, with less than 1% of reported cases occurring outside the country. Beijing has brought in drastic containment measures to try and limit the spread of the infection in Hubei province, and especially in the provincial capital Wuhan...
Commodities – and especially the most cyclical ones – have been hit hard by the coronavirus outbreak in China. Many indexes are now at a two-year low, which means there will be attractive buy opportunities once we have a clearer idea of economic growth going forward...
The pound reacted well to the Bank of England's decision to keep inter-est rates the same. This is almost certainly because leading indicators have improved since the general election, which lifted some of the prevailing uncertainty. But the UK is now officially in the transition peri-od, and talks with the EU will be tough...