Please find view this month’s Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market.
Since our last market commentary, in which we remained equalweight on equities, the FTSE 100 has risen 150 points (2.3%). Gold has drifter lower, recovering slightly at $1,414/oz and sterling has lost ground against the Euro and the USD. Traders are talking about taking risk off the table, ahead of the next raft of economic data, which could explain the markets pull-back in the last few days.
Our equity recommendations from last month were generally good with BG Group up 12.2%, Imperial Tobacco up 4% but Rio Tinto down 2.2%. In this issue, we look at why further QE will benefit gold, outline City views on the attractiveness of the mining sector and give some concrete investment recommendations for this moment in time.