Friday Email: 07 July 2017
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The FTSE 100 has done pretty much nothing over the past week and ends the week almost unchanged.
Anthony Hilton in the Evening Standard on Wednesday wrote an interesting article about the effects of the end of QE where he described Paul Volker, former Chairman of the US reserve give his view. Worth a look. You can find it here:
All I would say is that the investment community comprises hundreds of thousands of investors and Professor Feldstein has made it clear that he thinks markets are overvalued, but the Volker analogy suggests that we are in unchartered territory, so it is very difficult to predict.
The past week has been the quietest of the year so far with little in the way of corporate reporting and only Supergroup producing a dividend increase of note at just over 20%.
The week ahead, alas, is just as quiet with little reporting going on. There is also little on the countdown to get excited about next week.
Having been to Spain recently and used the trains extensively, it was a shock to be back to UK train travel this week on several trips to London where almost everything that could go wrong, went wrong. If you are ever in Spain and want to travel around to see some of the great cities that they have jump on the AVE. You travel at around 300 kmh in great comfort and at the end of it, you will have enjoyed your journey....and it is very good value.
New into DividendMax at the request of members we have:
NB Distressed debt investment fund Ltd (NBDG), JP Morgan Global Convertibles Inc Fund (JGCI) and GCB Asset backed Income Fund Ltd. (GABI)
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 30 June 2017
The FTSE 100 has had a poor week falling by over 100 points as the pound strengthens and now trades over 1.30 to the dollar. Currency will play a big factor in the direction of the market over the summer. Consumer confidence has now dropped to its lowest level since Brexit. Not much is emerging from the Brexit talks at the moment so uncertainty still remains. There seems to be very little consensus within the conservative party at the moment so confidence within the business community is not great as we stand.
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