Hourglass denotes running out of time on EU question

Our Brief Weekly Economic and World Markets Overview from Quilter Cheviot

Economic Overview

by Richard Carter, Head of Fixed Interest Research

“The UK was meant to be leaving the EU this week but instead a 3-month extension has been granted and it looks like Boris Johnson will have to reluctantly accept. When the last extension was granted back in April, Donald Tusk implored the UK not to waste the time but unfortunately it seems to have done precisely that with Parliament still gridlocked. It looks likely that the next three months will be used to hold a general election although the Fixed Term Parliament Act is massively complicating the process…”

Market Overview

By Alan McIntosh, Chief Investment Strategist

“Global equity markets had a good week, bolstered by a clutch of positive company earnings in the US and more favourable noises coming from the US / China trade talks. Roughly one-third of US companies have announced their third quarter numbers, with around 80% beating market forecasts. This has been a familiar pattern for many quarters now, with expectations running low going into the reporting season, then the majority of companies exceeding consensus numbers… ”

This commentary has been produced for information purposes only and isn’t intended to constitute financial advice; investments referred to may not be suitable for all recipients. Any mention of a specific security should not be interpreted as a solicitation to buy or sell a specific security. Investors should remember that the value of investments, and the income from them, can go down as well as up. You may not recover what you invest.