At the Bank of England’s (BoE) latest meeting this week, a more optimistic than expected short-term outlook for Britain’s economy emerged. One of the most notable forecasts was its call on employment. While furlough and other emergency government measures have allowed many to keep their jobs and paycheques, some fear these policies are just papering…
Compared to the rest of 2020, July proved almost uneventful as global capital markets consolidated strong gains made during the previous quarter, with only emerging market equities and gold delivering notable advancements (see returns table further below). At the other end of the scale, poor returns from Japanese and UK equities confirms the trend of…
Although stock prices have come down recently, the ratio of price to earnings remains high enough to make investors squeamish. As such, eyes are now turning to the recent slew of earnings reports from the second quarter. Q2 was, of course, dominated by virus news, global lockdowns and a record slump in economic activity. And…