Although stock markets across the globe have been spooked over the recent protests in China against the government's zero-Covid policy, investors must be prepared for an imminent sharp rebound.
Thousands took to the streets after 10 people lost their lives in a fire in a high-rise block in Urumqi, western China, last Thursday. Many are of the opinion that the strict Covid restrictions contributed to the fatalities.
As Asia trade opened on Monday, the Hang Read More
UK Chancellor Jeremy Hunt has brought back a degree of market credibility with his Autumn Statement, but the signalled support for rate hikes implies more pain for people in Britain.
Hunt announced a series of stealth tax hikes and spending cuts within Thursday’s budget. Some of the measures include:
· 45% additional rate tax threshold is reduced from £150,000 to £125,140
· Personal allowance, 40% higher rate Read More
The Bank of England is deliberately driving Britain into a recession, and you need to act now to safeguard your investments.
The key rate was increased by 75 basis points on Thursday, moving up from 2.25% to 3%, the highest seen since 2008.
Of course, and as I was quoted by The Daily Express, Fintech Finance News, exchangerates.org.uk and Fortune Herald, amongst other media, the Bank of England is in a difficult position, tightening monetary policy after inflation reached a Read More
Liz Truss stepping down from her role as PM after just 45 days will only heighten financial markets’ fears as political chaos in the UK worsens.
We’ve seen over the past few weeks how unforgiving the markets are when the Pound plummeted to all-time lows against the Dollar, gilt yields rose, and stocks markets dipped due to irresponsible economic policies set out by the Truss government.
Yet despite Truss’s resignation today, I don’t think this will signal an end to the Read More
We’ve made the decision to temporarily close deVere’s property investment division, with immediate effect, as inflation fears throughout the country heighten.
The availability of credit was a concern and, as such, an imminent decline in property prices, so all property investment projects will be suspended for now.
Of course, we realise that many clients across the globe will be concerned about current mortgages and protection, which is why we’ve set Read More
With the Federal Reserve meeting underway, investors shouldn’t panic about the latest announcement and stick to basic investment fundamentals.
During this two-day meeting, it’s widely predicted the U.S. central bank will hike rates by a further 75 basis points.
Once again, we can see the Fed is driving investor sentiment, stock markets and decision-making.
As I was quoted by MSN Money, Financial Mirror StockHead and Financial Express, amongst other media, only last week Read More
The Ethereum Merge has happened. It’s here. And I believe it’s a landmark, historic moment for the cryptocurrency market as a whole.
This major network upgrade sees a move to a new operating model that will utilise 99.9% less energy and reduce supply of the world’s second largest cryptocurrency.
As I was quoted by CNBC, International Investment, Financial Mirror and Tech Round, amongst other media, The Merge has been years in the making and this overhaul of the most Read More
I’m honoured to have been appointed to the National Innovation Agency (a public agency) of Thailand, an organisation on innovation promotion, set up to boost the country’s innovation performance on a global scale.
The organisation has launched an International Advisory Board (IAB), a top-level committee offering international perspectives and visions on the future of innovation.
Senior Innovation Strategist, Salin Deosurin described the committee as a “panel of selective Read More
I’m delighted to say deVere Acuma has been named Best Financial Advisory Company UAE 2022 at this year’s International Business Magazine Awards.
This is an incredible achievement and one I’m very proud of!
According to International Business Magazine: “The awards are established with the prime objective of admiring the best-in-class achievements of industrial talent, global leaders, and corporates across varied spheres within the International Business and Finance Read More
Liz Truss has won the Conservative party leadership and takes over from Boris Johnson as the UK’s new Prime Minister.
Yet her victory is helping to further sink the troubled pound, and it looks as though things will only get worse.
As I was quoted by The Mirror, Pound Sterling Live, London Loves Business and Capital.com, amongst other media, up to now, Sterling is one of 2022’s worst performing major currencies, and on Monday fell to its lowest since 1985.
Part of the Read More
The Pound will likely decline further and more radically next week if Liz Truss is named the UK’s next Prime Minister as expected.
Sterling has registered its largest monthly fall against the Dollar since October 2016, at the height of the Brexit fallout.
Last month, the Pound fell 4.5% to $1.16 and nearly 3% against the Euro. Sterling kicked off September with an additional 0.3% fall against the greenback.
We forecast things will get worse for the Read More
Trade relations between the United States and China have just been given a considerable boost following last week’s agreement between the two nations which allows U.S. regulators to inspect the audits of Chinese firms whose stocks are traded on U.S. exchanges.
In a lengthy dispute, U.S. regulators had pledged to eliminate Chinese companies from U.S.-based stock exchanges if China doesn’t permit inspections.
To my mind, this tentative agreement is certainly positive news. Read More