Please find attached Weekly Digest with some commentary on recent market developments.
From this, I highlight the two normal graphs in there that I think demonstrate the importance of diversified and global investing, along with potential opportunities closer to home for us amidst the Brexit “noise”:
*S&P 500 is one of the main US equity indices and Topix the same in Japan. UK Property is commercial property (retail, restaurants, warehouses and offices).
The latest increase in US tariffs on Chinese goods comes into effect today, a fresh 15% on ~$110bn, the impact of, which is going to start to be felt more directly by consumers.
In respect of the corporate calendar this week, Palo Alto Networks, SMCP, Melrose and Secure Income Real Estate Investment Trust are all important updates for us. Wall Street is closed today for the Labor Day holiday.
In other miscellaneous news, HSBC is set to commit an extra £35bn of capital to the already brutally competitive UK mortgage market, which may weigh on sentiment for some of the more domestically-focused UK banks.