July monthly reports published
Geopolitical tensions continued to be the most decisive factor affecting financial markets during the month of July. Support from the major central banks in an effort to prop up the negative sentiment arrived in the form of the Fed delivering an expected 0,25% cut in the repo rate and the ECB promising to unveil new supportive measures at the September meeting. China and the US continues to be far from a solution to the trade dispute and other tensions center around a tougher road towards Brexit with a new British government in place, tensions relating to trade issues between South Korea and Japan and an explosive political situation in HongKong.
We expect a volatile fall in financial markets. Overall activity in July however resulted in smaller equity moves, falling interest rates in Europe and Sweden and rising interest rates in the US. These moves had an adverse effect on valuations in Trude and Excalibur with negative results at 1,5% and 1% respectively during the month.
Log in with your password to read the full monthly letters for Excalibur and Trude with market comments, statistics and thoughts going forward.