Weekly Market Update

News this past week

  • Bank of England cuts rates and adds to QE
  • US sees continued job creation
  • Bank of Japan announces fresh stimulus
  • JGBs sell off; gilts rally
  • Oil rebounds midweek

James Klempster, CFA of Momentum Global Investment Management shares his view:

Today’s FT contains an article asserting that Britain has lost “nearly one-fifth of its dollar billionaires last year”.  There are now a mere 106 dollar billionaires in the UK, with 68 resident in London.  What may be of great concern to those that have dipped into mere multi-millionaire territory is that last week the FT informed us that now is the “worst time ever” to retire.

To read the full update please click here

 

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