Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
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Guy Foster, Chief Strategist, explains how the abandoned ceasefire in the Middle East could impact oil prices and the equity and bond markets.
Key Highlights
Oil prices rise amidst Middle East tensions:
Iran and the U.S. ended their ceasefire as the U.S. struck 80 Iranian targets in retaliation for Iranian attacks on vessels in the Strait of Hormuz. As a result, the oil price rose but lacked serious momentum.
The heat is on:
Cooling appliances saw a huge sales boost in Europe as temperatures soared – while an estimated $17 billion in productivity was lost due to the World Cup and heat – induced capacity drops.
Prime minister -in -waiting:
Andy Burnham looks set to become prime minister around 20 July. Though some worry about what this will mean for gilts, Burnham has already walked back his more combative remarks and committed to the existing fiscal rules.
