A concise report on matters of Inflation, Foreign Exchange & Net International Reserves, Fiscal Standing, the Stock Market and Money Market in July 2018.
The Jamaican dollar experienced mixed results in the Forex market this week. The dollar appreciated against both the Canadian and British Pound; however faltered against the US dollar and Euro.
In the last week or so, panic seems to be the order of the day. He who feels it knows.
For every action, there is an equal and opposite reaction – Isaac Newton’s 3rd Law of Motion. One would be inclined to question the relevance of the quote to Finance, Planet Earth and Investment Advisory. Well, let us give consideration to the ‘action’ and then assess whether the ‘reaction’ has justified it adequately.
The outlook for 2018 seems promising however; investors should remain diligent with their approach and seek financial guidance when making decisions or adjustments to their investment strategy to maximize portfolio performance.
Over the past few weeks there has been a rush for liquidity in the market as investors experienced a frenzy of back-to-back initial public offerings (IPOs). There were four in total with two upcoming listings on the Jamaica Stock Exchange (JSE) main market – Wisynco Group Limited and Victoria Mutual Investment Limited and two on … Continued
Page