Takeovers aplenty but the rumour mill doesn't stop churning and concerns in emerging markets grow.
Takeovers and Brexit: the markets in September
At the time of writing the FTSE 100 index was trading fractionally below its start of month level having recovered from early falls, as trade war fears continued to impact. There also remain concerns in some emerging markets, especially relating to the health of the economy in Argentina and on the back of a sudden sell off on the Indian market. Other areas of interest were the oil price and its move to a four year high, while over the pond the S&P 500 hit another all-time high.
As we head into autumn Brexit issues continue to focus the mind of investors, with both sides hitting an impasse over the Irish border issue and the economic plan proposed by the UK. With the clock ticking, Brexit is set to dominate further and we have noted a pick-up in clients who are growing increasingly concerned about the situation and possible outcomes.
With us all likely to become European again for the Ryder Cup and as that historically tricky month of October approaches, we can but hope for one clear- cut outcome at Le Golf National.