Oliver Jones

We think that the ongoing flattening, or outright inversion, of the curve is a bad sign for equities, as it usually has been in the past, arguments that the yield curve is no longer a reliable indicator seem to resurface every time it inverts, only to. be subsequently proved wrong.

The surge in China's mainland equity markets since the start of the year looks excessive, even allowing for renewed optimism about stimulus in China and the possibility of a US-China trade deal, since we are anticipating more economic weakness in both China and the rest of the world regardless, we suspect that the Shanghai and Shenzhen markets will fall back sharply later in the year.

Enzymes are non-toxic, biodegradable and can be produced in large amounts by microorganisms, there is strong potential to use enzyme technology to help with society's growing waste problem by breaking down some of the most commonly used plastics.