Wyn Thomas - Axys Investment Management

Weekly Market Update 24th August 2015

MARKETS SLIDE AMID GLOBAL GLOOM

This week has had a rather gloomy tone with further evidence of a slowdown in China weighing on markets, and the growing realisation that the Chinese government is powerless to do anything about it, adding an additional cause for alarm. The UK market is being hit hard, primarily due to the large mining firms listed in London who are now facing a future where China won’t just snap up everything they can dig out of the ground. The UK economy meanwhile, which these days is not well represented by the FTSE 100, seems to be holding up okay despite the market turmoil. If anything, it appears there is a silver lining to all of David Cameron’s failed trade missions to Beijing. Read More……