iShares MSCI United Kingdom ETF (EWU)

As the 90-day tariff pause ends on July 9, the U.S. has made progress on trade deals with some countries, but uncertainty remains. Investors are advised to focus on long-term investments and benchmark indexes rather than short-term trading.

The Global Business Complexity Index 2025 (GBCI) report finds that the Netherlands and the UK are among the European countries with the most favorable business conditions, while Greece, France, Italy, and Turkey are the most difficult places to do business in the region. The report also identifies emerging global trends, including the need for companies to diversify their supply chains to reduce reliance on a single country.

The British economy is expected to rebound in 2024, with the IMF and major banks revising their growth forecasts upwards. The Bank of England has also cut interest rates, which is expected to boost consumer confidence and spending.

Nearly 10,000 millionaires are expected to flee Britain in 2024, driven away by mounting economic and political uncertainties. This mass exodus, highlighted in the Henley Private Wealth Migration Report 2024, marks a record-breaking surge in wealthy individuals leaving the UK, and it comes at a pivotal moment just weeks before the country’s July 4 elections. The anticipated outflow of 9,500 millionaires will be eclipsed only by China, which is expected to see 15,200 of its affluent citizens depart. This British migration figure is more than double the 4,200 who left last year, underscoring the increasing dissatisfaction among the UK’s wealthy elite. Post-Brexit, from 2017 to 2023, the UK has already witnessed a significant exodus of millionaires, totaling 16,500. This ongoing trend paints a stark picture of the nation’s shifting economic landscape and the broader global movement of wealth. On a global scale, approximately 128,000 millionaires are projected to relocate in 2024. “Over 7% of the 128,000 millionaires projected to move globally in 2024 will be choosing to depart the UK,” said Dr. Hannah White OBE, director and CEO of the Institute for Government in London. For the third consecutive year, the UAE is set to be the world’s leading wealth magnet, attracting a record 6,700 millionaires. Meanwhile, the United States, holding the second spot globally, is expected to welcome 3,800 millionaires in 2024, up from the 2,200 who entered in 2023. This steady influx highlights ...Full story available on Benzinga.com

Europe seems extremely likely to cut rates in June, in my view, as progress on inflation has been significant.