Archive - December 2012

London Wall Partners have plenty to say on a wide number of economic and financial matters. This section provides a list of our news and views on a historic basis.

As 2012 draws to a close, three things about central banks and monetary policy are becoming more apparent.
As 2012 comes to an end, a review of the performance of financial markets indicates that it has been (at the time of writing) a relatively good year for returns. The major equity indices have managed very acceptable gains - the UK 6.5%, the US 12.5%, Europe 13.5%, Japan 10%, Hong Kong 22%.
Fletcher and Beckwith join forces to form ‘London Wall Partners LLP’

Leading independent financial adviser and wealth management expert Nick Fletcher (the former Saunderson House CEO), has teamed up with global investment manager and economist Jeremy Beckwith (the former Kleinwort Benson CIO), to form London Wall Partners LLP. Launched today with full FSA authorisation, the firm is partner-owned and funded, and will provide conflict-free advice based on a thorough and unbiased assessment of the market – principally to individuals, but also to trusts.

That the Eurozone ends 2012 in an apparently stable condition is mainly down to the work of two people. The first is Mario Draghi with his promise of potentially unlimited intervention in sovereign bond markets. The second is Angela Merkel’s with her summer policy decision that forcing Greece from the Eurozone would be more damaging than keeping it in.

Sifting through the small print of the Chancellor’s Autumn Statement, which could be summarised as very much a “steady as she goes” story, one finds the breakdown of the UK economic forecasts generated by the Office of Budget Responsibility.