Good evening – a quick summary of the budget is below. We will no doubt be writing more about this subject in the coming days and weeks! Income Tax · Tax Credits reduced by 10% · Reduction of tax bands by 10% · A step towards a universal social contribution paid by all workers Ø by abolishing income levy and …
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Dec
Eoin Fahy, Chief Economist with Kleinworth Benson Investors has produced an excellent summary of the recently announced EU/IMF support package. With his kind permission, it’s reproduced below. Last night’s announcement of the details of the EU / IMF support package contained some elements that were as expected, but others that were genuinely surprising. The key issue now is the reaction of depositors. Key …
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Nov
25
Aug
9
Jul
The MSCI World Index fell 3.2% in June, bringing the 2010 return to date to +5.9%. As has been the case for some months, daily volatility was high and media headlines often gave markets their short term direction. During the first half of 2010 equity markets remained caught in a tug- of-war between strong economic fundamentals and investor fears around potential external shocks. On …
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Jun
9
Apr
8
Apr
World equities enjoyed a very strong end to the first quarter with the MSCI World Index gaining 7.2% in March (in Euro terms). The index finished March 2010 at its highest points since June 2008. The market has now rallied by almost 70% since its low point over a year ago. Early in the month markets progressed strongly albeit with …
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Mar
15
Jan