News this past week
- Global equities subdued
- UK adds 170,000 jobs; retail sales growth picks up
- US inflation falls; NY Fed hawkish
- Japan see exports and imports slump
- The price of oil rises on rumours of output freeze
Alex Harvey, CFA of Momentum Global Investment Management shares his view:
Almost one year behind the original schedule, Londoners and those visiting the capital this weekend enjoyed (or endured, depending on your viewpoint) the wonders of a 24hr tube service as the Central and Victoria lines fired up their night time services. Strike action inevitably delayed the September 2015 launch – as often it does the regular service – but 126 years after the first electric underground train pulled away under Stockwell’s streets in 1890, a new service commenced offering around six trains an hour through the night on Fridays and Saturdays. That hardy breed of reveler who pushes through until Monday may well feel disappointed, as might the A&E nurse who finishes their shift at 3am on a Monday morning (after treating said reveler).