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Posted on: 5th Apr 2019 by: CamOuse Financial Management Limited
UK
Unless you’re lucky enough to have spent the month in a peaceful place of extreme isolation, we’re sure you’re aware of the Brexit chaos currently taking place in Westminster. As at the time of writing, nothing has been agreed in parliament and all is very much liable to change. Of course, the eventual outcome will have a large impact on global markets. We are past the Brexit deadline of 29 March and Britain’s future is as clear as mud.
As it stands, Theresa May can still avoid a no-deal Brexit by presenting the EU with a credible alternative plan. However, there is still a chance that this may happen. This continued uncertainty could have an enormous impact on the British economy. Business leaders have warned that we risk trashing our relationship with EU countries and jeopardising future investment if we go on like this.
Elsewhere, the British retail sector saw a dire month. Debenhams issued a profit warning, Office Outlet (formerly known as Staples) went into administration and Thomas Cook announced plans to close 21 shops and cut 300 jobs.
However, it wasn’t all bad. In fact, the British economy churned out some impressive figures. Unemployment fell to its lowest for 45 years and ONS figures showed that the economy had grown by 0.5% in January – more than double economists’ predictions of 0.2%. Imagine how well we could be doing without all this uncertainty!
The FTSE performed strongly during the month. It rose by 3% to 7,279 – up 8% for the first quarter of 2019.
Continental Europe
The Eurozone economies have not had a good month. EU manufacturing is in the grip of a massive downturn, forcing the European Central Bank to act. German car production is under threat which could have major implications for EU economies. Cars account for over 20% of exports in Germany, the Eurozone’s largest economy, and if this industry suffers a massive downturn, the effects will be severe and felt across the continent.
The markets were quiet over the Channel. The German Dax rose by just 10 points to 11,526. The French markets performed better, rising 2% in March, up by 13% for the year to date.
USA
The figures indicate that the US economy looks to be slowing up. In March, the economy created just 20,000 jobs, far below official estimates of 180,000 for the month. In the wake of this, it came as little surprise when the Fed voted unanimously to not raise interest rates above 2.5%.
Following what we said about the German car industry, US company Tesla is on course to outsell Mercedes and BMW in the US, showing that the car industry appears to be changing rapidly, even in a country where ‘gas’ is relatively cheap.
The Dow Jones had a slow month, finishing March up just 13 points at 25,929. It did perform incredibly well during the first few months of the year, rising 11% overall.
Far East
Increasing optimism about the USA/China trade talks last month has put the fire back in the Chinese export markets. What’s more, the government announced tax cuts worth £229 billion, in an attempt to boost spending at home. Stock markets have responded positively. The Shanghai Composite Index rose 5% to close March at 3,091, up 24% for the year to date. Elsewhere, Hong Kong rose by just 1% to 29,051, and Japan and South Korea fell by 1% and 2% respectively.
Despite the Brexit chaos gripping the nation, we hope you manage to have a pleasant month. Hopefully by next month’s market bulletin, we will have more clarity.
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Clive Nickalls
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Trevor Honey & Clive Nickalls
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J Pearce
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Lee Pooley
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Trevor Honey
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Lee Pooley
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Lee Pooley
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I & A Murphy
Lee Pooley
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Clive Nickalls
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Clive Nickalls
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T Long
Matthew Theobald
Thank you (and Eve) so much for all your help and support towards our remortgage. We really appreciated your expertise.
Cant & Robbins
Lee Pooley
I would just like to thank you all on behalf of myself and Jordan. You, Eve and Max have been faultless and we couldn’t be more appreciative for all your help!
C Baldwin
Lee Pooley
Lee has provided me with mortgages and appropriate insurance for both my home and lease properties. He is professional and works to get policies in place in an extremely quick time frame. I would certainly recommend Lee and CamOuse to anyone and I personally will continue to use their service.
G Habbin
Lee Pooley
I have been a client of CamOuse Financial Management Ltd for many years and have always found their services to be of the highest quality.
N Parker
Jo Kurz
Amazing company, very friendly, professional, and always on hand to give sound advice. My family has been utilising their expertise for many years and have never been let down.
S Bradley
Jo Kurz
Sound financial advice and planning. Responsive and friendly service.
B O'Connor
Jo Kurz
The whole team at CamOuse are friendly, professional and always look after your best interests. Thanks for your help!
G Hall
Lee Pooley
We've only been with CamOuse just over a year but would highly recommend them. We deal with Matthew who is an excellent adviser, always very responsive to questions and goes the extra mile to help.
P Carter
Matthew Theobald
I was so pleased and relieved to find this company. Particularly pleasing is their communication - it's jargon-free, concise and clear. We've been very happy with advice given thus far, and also their responsiveness whenever we've had any queries.
A Cant
Jo Kurz
We used Lee at Camouse to arrange our mortgage and can highly recommend him to provide an honest and professional service in this area. We will certainly return to Lee for remortgage advice in the future.
A Attewell
Lee Pooley
Would like to extend our thanks to you and your team for a fantastic customer service as always.
E & R Mendoza
Lee Pooley
We paid a small fee to Camouse for whole of market mortgage broker services. As first time buyers, Lee and Eve were able to guide us through the process, find us a deal and sort out the applications in a really helpful friendly and efficient way. We were very satisfied and would recommend CamOuse to others for this service.
L Humphrey
Lee Pooley
I was extremely pleased with the quality of the service I received when arranging a mortgage as part of a house sale and purchase through CamOuse. Lee and Eve were very easy to contact and always quick to respond. I would definitely recommend their mortgage arrangement services.
G Dewdney
Lee Pooley
Jo has been extremely helpful and very patient and I will be recommending her highly to other family and friends of mine. I do sincerely appreciate the way Jo handled my issues and also the excellent and very professional way she conducted business. She is an absolute asset to CamOuse.
C Tate
Jo Kurz
CamOuse have been our go-to financial advisers since 2008 and have assisted with numerous mortgages, remortgages, insurances, and general financial advice. Lee Pooley and Eve Nowakowska have been invaluable during this time. We've built up an excellent relationship with both and trust them completely to do what's in our best interests. Both are an absolute pleasure to work with and I cannot recommend them, and by extension CamOuse, enough!
I Murphy
Lee Pooley
We used the services of CamOuse to help in buying our first home and setting up our mortgage and we were extremely happy with all the advice and help we got. We spoke to Lee mostly, who was really great! Very insightful, very friendly and helpful, very patient and all-round great service. Would happily seek their help again. Many thanks Lee!
C Bolas
Lee Pooley
We have been taking mortgage advice from CamOuse for over 20 years and are always impressed by their friendliness and professionalism.
N Amery
Lee Pooley
Thank you to Matthew and Julie for making a huge difference in my life when I thought I was so stuck and felt there was never going to be a way to move forward.
L Smith
Matthew Theobald
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