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OECD growth slows in second quarter

Economic growth in the Organisation for Economic Cooperation and Development area has slowed for a fourth quarter running, the latest statistics show.

GDP growth in the organisation’s 34 member states fell to 0.2 per cent during the second quarter of 2011, down from the 0.3 per cent posted in the first. Expansion has slowed every quarter from the 1 per cent recorded in 2010’s second quarter.

The slowdown was “particularly marked” in the eurozone, the OECD says. Economic growth in Germany dropped from 1.3 per cent to 0.1 per cent, while in France it fell from 0.9 per cent to zero.

However, some countries benefited from higher GDP in the second quarter. Both the US and Italian growth rates rose from 0.1 per cent to 0.3 per cent over the three months.

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House prices down 2.1% year-on-year in July

House prices fell 2.1 per cent year-on-year in July, according to the latest house price index from the Land Registry. Prices increased 1.3 per cent between June and July, taking the average house price in England and Wales to £163,049. London was the only region to experience an increase in its average price over the […]

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Unanimous MPC vote holds bank rate at 0.5%

All nine members of the Bank of England’s monetary policy committee have voted in favour of keeping the base rate at a record low of 0.5 per cent. Prior to the August meeting, the MPC had been split 7-2 in favour of keeping interest rates at 0.5 per cent, with Spencer Dale and Martin Weale […]

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Markets unchanged following Bernanke speech

Global markets have remained stable after US Federal Reserve chairman Ben Bernanke said there would be no immediate action by the US government to boost growth. At close, the FTSE 100 stood at 5129, down a nominal 0.02 per cent since opening, while the Dow Jones has risen by 0.7 per cent in early trades […]

Argonaut to take control in joint venture with Ignis

Argonaut Capital Partners is set to become operationally independent from Ignis Asset Management to improve its core in-house offering. The European equity-focused boutique follows in the footsteps of Hexam, another Ignis joint venture, which became independent last year. Ignis will retain a financial interest in Argonaut, as it did with Hexam. The business is currently […]

Investment

The Brunner Investment Trust – April 2017

Welcome to the latest update for The Brunner Investment Trust PLC from the Trust’s portfolio manager, Lucy Macdonald. Market Review Global equities have rallied over the first quarter of 2017, buoyed by signs of strengthening growth and optimism over company earnings, although this rally has faded towards the quarter end. US equities posted their strongest […]

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