Alpha Portfolio Service Brochure
We keep hearing of the term ‘global market place’. At a time when the fabric of the EU is being tested by the prospect of a Greek debt default, it is perhaps worth remembering the ability to trade freely in a ‘common market’ was one of the original pillars of the European Union. Globalisation is changing the way business is being done. The EU is the largest economy in the world, along with being the biggest exporter and importer.
The old sea-faring expression is ‘any port in a storm’. Which got us thinking. We suspect for financial markets, it is actually not a case of finding ‘any port’ but more importantly the ‘safest port in a storm’. This is because, we are currently sailing in unchartered waters.
Last week, Turkey’s ruling Justice and Development Party (AKP) failed to win a majority in the parliamentary election. This in turn led to considerable volatility in the Turkish stock market.
China has an insatiable appetite for natural resources to meet its long term economic growth ambitions and as a result appears to be putting its footprint down from the South China Sea to the Antarctic. The former sea has a number of countries contesting ownership of the potentially natural resource rich waters including China, Vietnam, Malaysia, the Philippines and Taiwan.
It’s a curious thing. Why do some people like the feeling of being scared while others don’t? One only needs to consider the growing hype surrounding Halloween to see the commercial value we put on being scared.
According to the US National Atmospheric Administration, global carbon dioxide (CO2) concentrations have reached a new monthly average record of 400 parts per million. As a result, global levels of carbon dioxide are estimated to be at the highest level for over 2 million years!
No, not politicians, nor Greece but pistachio nuts! We have been keeping an eye on developments in the Middle East, but had assumed that, when sanctions are lifted on Iran, it could lead to oil flooding onto the global market. Instead, it is likely to be pistachio nuts, as Iran is the world’s leading producer alongside the USA.
Who’d have thought it? Now that the dust is beginning to settle, the post- election recriminations and investigations have begun. One thing for sure is that the new Parliament will have a very different look to the last.
With just a few days to go until the UK General Election the polls are suggesting a hung parliament with the likelihood that the Conservatives will just about win the most votes and seats, but not enough to form a majority on their own. In addition, the SNP continues to look the most significant minority party with possibly over 50 seats.
Some of the World’s leading global economies are being challenged to consider putting a famous woman on their banknotes. American bills have portraits of the country’s founding fathers and former presidents, Chinese notes have Mao Zedong and India have Mahatma Gandi, but none of them feature any women.
We recently read that a rare first edition of Charles Darwin’s Insectivorous Plants book was returned to the Camden Library in Sydney, Australia, after 122 years! The late fees were thought to be in the region of £22,800, but the book was astutely returned during the library’s ‘fine amnesty month’, although one senses that the library was just over the moon to get the first edition back.
A new global code of conduct is being introduced in the foreign exchange market by the world’s major central banks. This is designed to stop traders and dealers sharing information and is part of efforts to head off abuses after two years of scandal over currency manipulation.
We recently read that a keen eyed shopper had noticed that Unilever has reduced the amount of tea in its PG Tips tea bags, as a pack of 80 regular tea bags now weighs 232g, down from 250g previously.
We have recently received a number of approaches enquiring about the recent moves in the fixed interest market and for our take on things.
Later this year see’s the return of Daniel Craig as 007 in the latest bond movie ‘SPECTRE’, an incredible 24th in the franchise. In the trailer, Bond is likened to ‘A kite dancing in a hurricane’. Which got us thinking. This seems like a pretty good description of Greece currently.
The top end of the London property market has had a stellar run in recent years. This has no doubt reflected central banks printing money as well as supportive Government measures for the housing market.
Many of you will be aware that Bristol is currently European Green Capital. To reflect this a new bus service is being run between Bath and Bristol Airport using a ‘Bio-Bus’ which is powered by bio-methane gas generated from human sewage and food waste. Locally it has been nicknamed the ‘number two’.
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