The Trader 

Market Outlook: The usual suspects

The Trader

In Britain, anything that goes wrong, or even slightly awry, is blamed on Brexit. Poor investment banking results? Blame it on market turbulence in Q4 2018. This morning it’s French bank Société Generale’s turn. Its revenues will not grow at 3 per cent as planned; its return on equity will not be 11.5 per cent but between 9 and 10 per cent. It will save €500 million by cutting back on its fixed income, currency and commodity division (FICC) – just as Goldman Sachs said it would do earlier this week.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Register
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now