Chief Economist, Heteronomics

Phil Rush

Chief Economist

Heteronomics

Heteronomics represents a different kind of economics. We believe analysis should delve into the details of what is really going on, rather than using overly simplistic assumptions to quick-sell stories. Independence from myopic institutional pressures allows us to focus on the realities underlying your asset allocation decisions, without the conflicts of the old market structures. Heteronomics targets the themes driving UK asset prices, offering the benefits of depth, independence and ultimately price.

UK-centric macro research

Macroeconomics

- Another rise in April’s services PMI unwinds the UK's Q1 slowdown. As the index of services data implied for Q1 grew by about half the PMI’s pace over that period, this rebound may be overstating optimism. Nonetheless, it provides hawks with something to hang their case on rather than hibernating amid weakness elsewhere.An increase in the services PMI to 55.8 completes the trifecta of upside surprises for the UK surveys in April. After the latest 0.8-point rise, the Q1 slowdown in the services…

- Another rise in April’s services PMI unwinds the UK's Q1 slowdown. As the index of services data implied for Q1 grew by about half the PMI’s pace over that period, this rebound may be overstating optimism. Nonetheless, it provides hawks with something to hang their case on rather than hibernating amid weakness elsewhere.An increase in the services PMI to 55.8 completes the trifecta of upside surprises for the UK surveys in April. After the latest 0.8-point rise, the Q1 slowdown in the services…

Amareos

Ryan Shea

Thematic (Sector/Industry)

Summary:In the UK, the political shocks keep coming after PM May called for a snap general election to be held on June 8. Anticipating a landslide victory for the Conservative government and a smoother Brexit path, the UK currency has rallied. We outline why this is likely to be only transitory.  PM May surprised most people this week by announcing that the UK is to hold a snap election on June 8th. Outlining her motivation for calling an early election, something she had previously ruled out…

Summary:In the UK, the political shocks keep coming after PM May called for a snap general election to be held on June 8. Anticipating a landslide victory for the Conservative government and a smoother Brexit path, the UK currency has rallied. We outline why this is likely to be only transitory.  PM May surprised most people this week by announcing that the UK is to hold a snap election on June 8th. Outlining her motivation for calling an early election, something she had previously ruled out…

The Market Sentimentalist: European Elections (Part 2) - Britain's Re-Referendum

Public Relations and Social Media Manager, Dechert LLP

Peggy Heffner

Public Relations and Social Media Manager

Dechert is a global specialist law firm

Dechert LLP

Dechert is a global specialist law firm.
Focused on sectors with the greatest complexities, legal intricacies and highest regulatory demands, we excel in delivering practical commercial judgment and deep legal expertise for high-stakes matters.

Our work is widely recognized. We have 20 standout practices noted by Chambers Global, including global-wide rankings for arbitration, corporate investigations, anti-corruption, investment funds and life sciences. Named Antitrust Team of the Year, Chambers USA commends our “accomplished group” as “routinely sought after to handle some of the most significant litigation and transactions in the antitrust world.” 

In an increasingly challenging environment, clients look to us to serve them in ways that are faster, sharper and leaner without compromising excellence. We developed a first-of-its kind legal project management department, which uses technology, people and processes to drive efficiency and deliver value for our clients.

We are innovators. Dechert ranked #7 in the Financial Times’ Top North American Innovative Law Firms. Financial Times also recognizes us among the Top European Innovative Law Firms and highly commends World Compass, our marketing compliance service, which offers investment firms advice in more than 100 jurisdictions.

The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the negotiations likely to affect your business? Defining your priorities, developing concrete proposals, communicating these to influencers and decision-makers, and planning for different potential outcomes are all now critical.

The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the negotiations likely to affect your business? Defining your priorities, developing concrete proposals, communicating these to influencers and decision-makers, and planning for different potential outcomes are all now critical.

Brexit: Article 50 Triggered. A Legal Update from Dechert's International Trade and EU Law Team

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

REAL-Economics.com

(As a mark of respect and solidarity with those killed and injured in London on 22 March, I have delayed this note by 24 hours. My sincere condolences to the UK's people for the horrific terrorist outrage at Westminster).Martin McGuinness, the former commander of the Irish Republican Army (IRA) who became a sentinel of peace in Northern Ireland with the Good Friday Agreement (brokered by Bill Clinton in 1998) and served as Deputy First Minister there for a decade, did not live to see a reunited…

(As a mark of respect and solidarity with those killed and injured in London on 22 March, I have delayed this note by 24 hours. My sincere condolences to the UK's people for the horrific terrorist outrage at Westminster).Martin McGuinness, the former commander of the Irish Republican Army (IRA) who became a sentinel of peace in Northern Ireland with the Good Friday Agreement (brokered by Bill Clinton in 1998) and served as Deputy First Minister there for a decade, did not live to see a reunited…

Not Just Scotland: McGuinness, Brexit and the Dismantling of the United Kingdom

Summary:Article 50 is due to be triggered by the UK government within the next two weeks, marking the formal start of Brexit negotiations with the EU. These negotiations will be complex and the time frame is very limited. As a further complication Scottish politicians are pushing to hold a second independence referendum towards the end of the negotiation period. Using crowd-sourced sentiments we assess the outlook for the UK equity market and the currency and conclude that while the risks for…

Summary:Article 50 is due to be triggered by the UK government within the next two weeks, marking the formal start of Brexit negotiations with the EU. These negotiations will be complex and the time frame is very limited. As a further complication Scottish politicians are pushing to hold a second independence referendum towards the end of the negotiation period. Using crowd-sourced sentiments we assess the outlook for the UK equity market and the currency and conclude that while the risks for…

The Market Sentimentalist: Ready, Steady, Brexit

United States

iShares MSCI United Kingdom ETF is an exchange-traded fund incorporated in the USA. The ETF's objective seeks to provide investment results that correspond to the performance of the British market, as measured by the MSCI United Kingdom Index. The ETF invests in a representative sample of index stocks using a "portfolio sampling" technique.

iShares MSCI United Kingdom ET (EWU US)

FLASH: UK PMI Prevents Hawks Hibernating

- Another rise in April’s services PMI unwinds the UK's Q1 slowdown. As the index of services data implied for Q1 grew by about half the PMI’s pace...

Phil Rush

The Market Sentimentalist: European Elections (Part 2) - Britain's Re-Referendum

Summary:In the UK, the political shocks keep coming after PM May called for a snap general election to be held on June 8. Anticipating a landslide...

Amareos

Brexit: Article 50 Triggered. A Legal Update from Dechert's International Trade and EU Law Team

The UK Government today formally triggered the process of leaving the EU by invoking Article 50 of the Treaty on European Union. How are the...

Dechert LLP

Not Just Scotland: McGuinness, Brexit and the Dismantling of the United Kingdom

(As a mark of respect and solidarity with those killed and injured in London on 22 March, I have delayed this note by 24 hours. My sincere...

Prasenjit K. Basu

The Market Sentimentalist: Ready, Steady, Brexit

Summary:Article 50 is due to be triggered by the UK government within the next two weeks, marking the formal start of Brexit negotiations with the...

Amareos