The pound slid to a 7-month low of 1.3066 against the dollar on Thursday with concerns over the growing potential of a no-deal Brexit.
BP announced its acquisition of the UK’s largest electric charging infrastructure Chargemaster to enhance a leading position in the expanding electric vehicle market.
Oil price jumped to $72.76 per barrel on Wednesday, the highest since 2014 due to a reported 9.2 million-barrel drop in the US crude inventory amid worries of a declining global oil supply.
Uber was granted a new 15-month probationary licence to operate in London after some major changes were made to its business practices.
The US trade balance for May will be announced on Friday July 6, with an expected deficit of $46.7bn.
The US unemployment rate will be released on Friday July 6 and is expected to come in at 3.8%.
A score of -1.0 indicates an extremely poor economic outlook, which is accompanied by a high probability of negative returns in risky asset classes like equities. The Risk Barometer tilts our portfolios away from equities during such periods.
A score of 0 indicates a neutral economic outlook with almost equal probability of positive and negative returns in risky asset classes like equities. The Risk Barometer maintains a balance between equities and other asset classes during such periods.
A score of +1.0 indicates an extremely positive economic outlook, which is accompanied by a high probability of positive returns in risky asset classes like equities. The Risk Barometer tilts our portfolios towards equities during such periods.
*as at latest realignment 31/05/18
Notice:
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.
