Investment Markets Overview — W/E 21st October 2016

Trafalgar Day… the celebration of the British Royal Navy victory over the combined French and Spanish fleets at the Battle of Trafalgar on the 21st October 1805. “Trafalgar Day Dinner” is a tradition held across the breadth of the “United” Kingdom, united being the diminishing word as the collective social mood of the kingdom pushes for increased devolution… Scotland, Wales, the North and the South West are queuing up. Meanwhile, newly installed Prime Minister Teresa May attended her first EU summit in Brussels and at the European Council dinner was reportedly made to wait until 1am on the 21st October 2016 and allowed whole 5-minutes to deliver her message that Britain will not change its mind on Brexit. Furthermore, not one of the childish EU leaders responded to the brief speech, reflecting an EU united refusal to start exit negotiations until the formal article 50 notice is invoked early next year. This modern day battle is shaping up to be a protracted one and will necessitate the UK forcing the issue as the “give and take” expected by the PM is not a phrase that appears on an EU menu.

The currency-wars continued this week, with the € in particular under pressure. This gave the British pound some relief, as discussed within a brief commentary mid-week, “Relief from the £Pounding.”


Subscribe to the Full Investment Markets Overview Newsletter which contains the following:-

Additional Commentaries:
•US economic data . . .
•Euro-Zone . . .
•The UK . . .
•Out East . . .
•The $US index . . .
•Within the commodities complex . . .
•Economic data due next week includes . . .

  The market analysis of the China GDP headline number suggests that “stable growth” provides room for policies aimed at ……

1.  Indices Weekly
2. US House Starts V US Existing Home Sales
3. UK CPI M on M V UK CPI Annualised
4. China GDP V China Credit Growth
5. Commodities Weekly


13 Indices, 11 columns of detailed information, for accurate analysis

                                  “The Devil is Always in the detail

Click Here to view Details of the full version of this Newsletter which includes full text and detailed



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