Weekly Market Outlook October 9, 2016
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – Unrest around the British pound resulted in a nervous mood. A so-called “flash crash” pushed the pound against the dollar to its lowest level in 31 years. The fact is that the short-term effects of the Brexit get more shape now prime minister May is showing a tough attitude to the EU.
Next week, the earnings season is starting slowly. In addition, the macro calendar is filled realm. Wednesday, the Democrat Hillary Clinton and Republican Donald Trump will cross swords again in a debate ahead of the U.S. presidential election on November 8. Our focus is on the developments surrounding the hostile takeover of Delta Lloyd by NN.
This material is communicated on October 9, 2016 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced or otherwise disseminated in whole or in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.june
