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You acknowledge and agree that access to this Site is provided only in accordance with these Terms & Conditions.

By accessing this website (the ‘Site’), you agree to be bound by the following terms and conditions (the ‘Terms’). Before using this Site, you should read carefully the Terms, our Cookie Policy and also our Privacy & Security Statement. If you do not agree to these Terms & Conditions, please do not make use of this Site.

The Site has been approved for issue in the UK by Harrison Rowe Financial Planning Limited trading as Harrison Rowe Private Wealth. Harrison Rowe Financial Planning is authorised and regulated by the Financial Conduct Authority (“FCA”), and is entered on the Financial Services Register with the firm reference number 208467.

Harrison Rowe Financial Planning is part of a global group of businesses known asThe Harrison Rowe Group. Harrison Rowe Financial Planning Limited is registered in England and is established at 56, Wentworth Road, Blacker Hill, Barnsley, United Kingdom, S74 0RP, which is its registered office.

Unless otherwise stated in relevant sections of the website, this website is targeted at investors who are generally classified as qualified, professional, accredited or institutional. The information contained in this website is directed only at persons in a country or jurisdiction where access to the information and the use thereof is not contrary to local law or regulation. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction when accessing the information contained in this website. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services, funds and products included in this site. There will be no public offering of services, funds and products in the United States.

The services, funds and products will not generally be available to U.S. Persons.

Should you wish to contact us please refer to the Contact Us link which can be found on each page of the Site.

In these Terms

  • ‘Content’ means all pages, screens, information and materials included in or accessible through this Site (including any content available on any email or SMS services).
  • ‘you’, ‘your’ and ‘yours’ means you, the person(s) accessing this Site and the party on whose behalf you are doing so.
  • ‘we’, ‘us’ and ‘our’ means HR Capital Partners Limited.
  • ‘HR / HR Group’ means HR Investments Limited, its subsidiaries and associated companies from time to time.

Terms

These Terms cover your use of this Site. All products and services provided by members of the Harrison Rowe Group have their own terms and conditions (the ‘Product Terms’). You must read both the Product Terms and these Terms. To the extent that the Product Terms conflict with these Terms or any Local Sites’ terms and conditions then the Product Terms will prevail.

We are required by law to tell you that the terms and conditions are in English and that we will communicate with you in English.

From this Site we may provide information or hyperlinks to other websites or pages provided by other entities within the Harrison Rowe Group (‘Local Sites’) and other parties. Your use of Local Sites and other parties’ sites may be subject to their own terms and conditions. You should read them.

This Site is intended for those who access it from within the United Kingdom. Because of this we cannot guarantee that the Site, or the information thereon, complies with the local laws or regulations of, or is appropriate for use in, any other jurisdiction from which you access it. If you choose to access this Site from a jurisdiction other than the United Kingdom you do so at your own risk and the Harrison Rowe Group will not be liable for any breach of local law or regulation that you commit as a result of doing so.

Please make sure you read carefully all applicable terms, conditions and disclaimers relevant to your use of the products, services or information that may be offered to you from time to time.

If any part of these Terms is found by any court or other competent authority to be invalid, unlawful or unenforceable then such part shall be severed from the rest of the Terms which shall continue to be valid and enforceable to the fullest extent permitted by law.

Changes to our Terms

You acknowledge that we may amend these Terms from time to time, at our sole discretion. If we elect to amend these Terms, the revised version will be posted on the Site. You undertake to check the Site regularly for any changes we may have made since your last visit to the Site, since any such changes will be binding on you. By using the Site after we have changed or amended these Terms, you acknowledge that you will be accepting those changes or amendments.

These Terms & Conditions were last updated on 6th February 2019.

Availability of site, products and services

The Content, including layout, of this Site or products or services available via this Site may be wholly or partially suspended, withdrawn or changed at any time.

We also reserve the right at any time to immediately suspend the provision of all or any part of this Site to you and/or block your access to this Site.

The provision of financial services or products

Not all the products and services that you may be able to view via the Site are available in all geographical locations. The relevant Harrison Rowe Group member reserves the right to make the final determination on whether or not you are eligible for any particular product or service.

If you choose to enter a website outside your country of residence, you are advised that it may not be legal in that jurisdiction for you to access or use the facilities available on that site and the legal requirements of that jurisdiction may prohibit you from dealing or otherwise transacting in that jurisdiction. No member of the Harrison Rowe Group will be liable for any breach of local law or regulation that you may commit as a result of using and accessing a website in a country in which you are not resident.

Please be aware that some of the products and services listed within the Site and those provided by any other Harrison Rowe Group members or third parties that may be accessed via a link from this Site may not be suitable for all investors. Always read the product information fully before committing to any contractual agreement.

All products or services provided to you by us or any other Harrison Rowe Group member shall only be available in the jurisdiction/s within which the member providing the product or service is authorised to operate.

You agree that any of the products or services provided to you by us or any other HR Group member shall be deemed to be provided in the jurisdiction within which the member providing the product or service is authorised to operate.

No offer

Information or opinions contained on this Site or in any Local Sites do not constitute an offer to sell or a solicitation, or offer to buy, any securities or financial instruments or investment advice or any advice or recommendation in respect of such securities or other financial instruments.

Should you seek to rely in any way whatsoever upon any Content contained on this Site, you do so at your own risk.

Before you make any decision or take any action that might affect you or your personal finances or business, you should always consult a suitably qualified professional adviser(s) to obtain appropriate financial, legal, accounting, tax and other advice.

No warranties

Other than the warranties and representations contained in these Terms, all other warranties and representations, whether express, implied or statutory are, to the fullest extent permitted by the law, excluded. We do not exclude or restrict our liabilities or duties to you where or to the extent that this is prohibited by law or regulation. Use of this Site is at your sole risk.

We do not represent that:

  • any information contained on this Site will be accurate, complete or up to date or meet your specific requirements,
  • this Site will be available,
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We do not provide any guarantee about the accuracy, functionality or performance of any third party software, Content or equipment used in connection with this Site.

Exclusion of our liability

To the extent permitted by law, neither we nor any member of the Harrison Rowe Group shall be liable for any damage, loss or liability (whether arising in contract, tort, including negligence, or otherwise) arising out of or in connection with:

  • your use of this Site,
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The above exclusions apply to any damage which is direct, indirect, special, incidental or consequential or consists of loss of profits, business, opportunity or data.

All of the above exclusions apply even if you have advised us or any other member of the Harrison Rowe Group of the possibility of the above types of damage, loss or liability.

Password and security

In order to use the Site or one or more parts of it, you may be required to become a registered user. In order to become a registered user we will issue you with one or more of the following, namely, registered username, password other security identifier (‘Password’) in accordance with our procedures in place from time to time.

You will keep your Password secret and confidential at all times. Your Password will allow you to access your personal and confidential account and/or financial information.

You must tell us immediately of any unauthorised access to the Site using your Password or any unauthorised transaction or instruction which you know of or suspect of if you suspect someone else knows your Password. We will need you to help us and any law enforcement agency in trying to recover any losses. We may disclose information about you or your account to a law enforcement agency or other third parties if we think it will help prevent or recover losses.

You are wholly responsible for use of the Site by any person using your Password.

We reserve the right to suspend access to the Site in the event that we suspect that an unauthorised person is attempting to access the Site using your Password.

Your obligations

Security – it is your sole responsibility adequately to:

  • protect and back up your data and equipment,
  • undertake reasonable and appropriate precautions against any computer virus or other destructive materials or elements, and
  • ensure that your computers and your access to this Site are adequately secured against any unauthorised users.

Your use of this Site – you may not use this Site or permit others to use this Site:

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You undertake to comply with any terms notified to you as required from time to time by any third party supplier of data or services to this Site, including but not limited to, where necessary, entering into a direct agreement with such third party in respect of your use of their data.

Third party site and endorsement

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Links to our site

Neither you nor any other party may use any part of this Site on any other website, or link any other website to this Site, without our prior written permission.

We are not responsible for the set-up of any link from a third party website to our Site.

Neither you nor any other party may deep link to, frame, spider, harvest or scrape the Content or otherwise access the Content for any purposes, or use any machine, electronic, web based or similar device to read or extract the Content by machine based or automated means, without our prior written permission.

Intellectual property rights

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    • create any data base in electronic or structured manual form by systematically downloading and storing all or any of the Content; or
    • redistribute any of the Content (including by using it as part of any syndication, content aggregation, archive or similar service); or
    • remove the copyright or trademark notice from any copies of Content made in accordance with these Terms.

Internet and e-mail communications

Messages sent over the Internet (including e-mail) cannot be guaranteed to be completely secure as they are subject to possible interception, monitoring, delay, loss or alteration.

Neither we nor any other member of the Harrison Rowe Group are responsible for any such messages nor liable to you or anyone else for any damages or otherwise in connection with any messages sent by you to us or any other party or any messages sent or appearing to be sent by us or any third party to you over the Internet (including e-mail). You should not include any sensitive or confidential information in such messages.

Our monitoring of communication

To help us improve our service and in the interest of security, we may monitor and/or record communications (whether over the Internet, telephone or otherwise) between you and us. All recordings are our sole property.

Data protection and Privacy

Cookies

Governing Law

These Terms are governed by and are to be interpreted in accordance with the laws of UK.

The courts in England and Wales will have non-exclusive jurisdiction in respect of any dispute which may arise in connection with the Terms or your use of this Site.

Mixed week for markets as US data points to acceleration, whilst Europe remains in the doldrums

Stock markets largely ignored the impending G7 meeting in Canada this coming weekend, which is expected to be fractious, as more countries retaliate against the United States imposition of tariffs on steel and aluminium imports. The Nasdaq Composite index, the US technology index, hit a succession of new highs at the start of the week led by the mega cap stocks. Both Apple and Amazon hit record highs, as positive leading indicators out of the US pointed to a rebound in growth after the soft first quarter. However, the picture for Europe was somewhat different, as industrial data released later in the week pointed to continued weakness.

The US Standard & Poor’s 500 Index rose 1.3% over the week up to 12pm London time, Emerging markets rose 1.7%, the Australian S&P/ASX 200 rose 0.9%, Japanese Topix index climbed 1.8%, Hong Kong Hang Seng was up 1.5%. However, despite a promising start to the week, the EuroStoxx 600 fell 0.7%, with the Italian FTSE MIB index falling 3.2% despite the formation of a government last week and the United Kingdom’s FTSE All Share fell 0.4%.

The core sovereign bonds of the US, Europe and the UK gave up some of their price gains from last week, however, towards the end of the week sovereign bonds started to rally again as the G7 meeting neared. 10-year US Treasuries were broadly flat for the week, yielding 2.90%, whilst 10-year German bund yields were trading at 0.43%, having been as high as 0.51% following a suggestion from a senior European Central Bank official that the ECB’s quantitative easing programme could close by the end of the year. UK 10-Year Gilt yields are trading marginally higher at 1.37%, with yields moving inversely to price.

Escalation in trade war largely ignored, as markets focus on improving US lead indicators

The week began with the third round of trade talks between China and the US coming to an end without a breakthrough, as the US tries to pressure China into opening up its economy to US companies through the imposition of trade tariffs. On Tuesday Mexico unveiled tariffs against the US on agricultural and steel products, including pork, cheese, apples and potatoes. However, markets largely brushed off trade war concerns as the latest data on US services pointed to the US economy having picked up following a weak first quarter. The ISM non-manufacturing index, a leading indicator on the health of the service sector, rebounded in May, coming in at 58.6, with readings above 50 indicating expansion. Historically such a level has been consistent with annualised GDP growth of above 4%.

European lead indicators disappoint, despite upbeat comments from the ECB

Europe threatened to have its own version of the ‘Taper Tantrum’ of 2013 as Jens Weidmann, head of the Bundesbank and an ECB board member, told a conference that market expectations that the central bank could end its bond buying programme before the end of the year were “plausible”. This view was given support by Peter Praet, also an ECB board member, pointing to the “underlying strength” of the eurozone economy. German bund yields jumped from a low of 0.37% to trade as high as 0.51%. However, this was followed by a string of economic data releases pointing to continued weakness in the Eurozone, particularly in Germany. New orders for German manufacturing fell 2.5% in April the fourth month in a row in which orders have fallen, driven by weakness in orders from the Eurozone, whilst new orders from countries outside the region rose by 5.4%. German equities fell sharply on the news whilst bunds rallied, with the 10-year yield compressing back down to 0.41%, currently trading at 0.44%.

Upcoming Brazilian election looms large over currency and stock market

The Brazilian stock market had a torrid week as the Ibovespa equity index fell by as much as 6% intraday on Thursday, before recovering slightly, now trading down 4.4% for the week. This performance has been mirrored by the Brazilian currency, the Real, which is down by about 15% from the start of the second quarter. These levels have not been seen since the political crisis that led up to the impeachment of former president Dilma Rousseff in 2016. This reassessment by markets has been triggered by the introduction of price controls for fuel following a crippling truckers’ strike. These have been viewed as a throwback to left-wing policies, whilst extreme candidates from both the left and the right are leading in polls in the run up to the October elections.

Australian GDP surprises to the upside

The Australian S&P/ASX 200 closed 1.1% higher, led by the energy sector, whilst defensive names lagged over the week. Australian GDP grew faster than forecast in the first quarter of 2018, rising 1% over the quarter, versus 0.5% in the previous quarter, driven by an increase in mining exports  

G7 Summit & Kim Jong Un Summit

Markets are adopting a risk off tone towards the end of the week, ahead of the G7 summit. The other keenly anticipated event next week is the summit between President Trump and the Kim Jong Un of North Korea, scheduled for Tuesday.