Wyn Thomas - Axys Investment Management

Weekly Market Update 11th December 2015

NEW RUNWAY DECISION DELAYED AGAIN

This week has been reasonably quiet in terms of news flow, with the focus firmly on the US Federal Reserve and if rates are hiked finally next week. The most controversial news of this week has been the decision to delay the decision on expanding Heathrow, which has been put off until next summer, when it will inevitably be put off again. We’re now in the absurd position where the current decision on where to build a runway will take longer than actually building a runway. The headlines have also taken in the Paris climate summit; while an agreement of some sort is apparently likely, it doesn’t appear to have captured the imagination of markets which have largely ignored it. Read More….