As Donald Trump arrives in Europe, further tariffs imposed on Chinese goods have resurrected fears over a global trade war and in the process sent London's equity markets into a tailspin. Click here for the latest thoughts of The Trader Nicole Elliott.
IC TIP UPDATES:
Don’t be too alarmed by the drop off in Burberry (BRBY) shares this morning. True, first quarter retail sales were left flat after softer tourist demand across the UK and Europe offset growth from other regions such as Asia Pacific and the US. But new creative head Riccardo Tisci has yet to unveil his new designs for the brand - the first are expected to drop in the Autumn - which we’re banking on to re-invigorate the product line. There’s also a collaboration with famed British designer Vivienne Westwood in the works, while ‘pop up’ stores to showcase new handbags have already gone live in Beijing, Dubai, New York and Seoul. Mobile has also grown to be the group’s largest digital channel, with the biggest ‘direct-to-consumer’ growth seen across Asia Pacific. We remain buyers.