Arsenal manager Mikel Arteta during the Premier League win over West Brom. Reuters
Arsenal manager Mikel Arteta during the Premier League win over West Brom. Reuters
Arsenal manager Mikel Arteta during the Premier League win over West Brom. Reuters
Arsenal manager Mikel Arteta during the Premier League win over West Brom. Reuters

Mikel Arteta expects 'changes' at Arsenal this summer after disappointing season


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Mikel Arteta has said he expects there to be plenty of changes at Arsenal this summer as the Premier League club looks to bounce back from a disappointing season.

Arsenal were knocked out of the Europa League last week and are ninth in the Premier League ahead of their clash at third-placed Chelsea on Wednesday, facing the prospect of no European football for the first time in 25 years.

The Gunners have fared no better in the domestic cups, with a fourth round exit in the FA Cup, to Southampton, and a 4-1 thrashing at the hands of Manchester City in the League Cup quarter-finals.

Arteta said that the club will also have to resolve the futures of several of their current players.

"There are so many things to do because we already have a lot of players on loan and a lot of players with contracts still that we need to sort," Arteta told reporters.

"It'll depend what happens with a lot of those players and what we're able to recruit to improve the team, that's going to determine where we are.

"We've been sitting down the whole year ... been in constant communication and things will change, some things will stick to the plan we already had and some other things will come out. But we sit down very regularly to talk about those things."

Arteta said he hoped they will not have to pay off contracts in the close season to trim their squad. Arsenal endured expensive terminations of contracts for players who were left out of squad lists this season, including Greek defender Sokratis Papastathopoulos and Mesut Ozil.

They also mutually terminated the contract of defender Shkodran Mustafi.

"I don't know where the summer will take us. I think every situation will be different and hopefully we're not in that position anymore," Arteta said.

Amid a predominantly bleak season, a number of Arsenal's young players have shone. Bukayo Saka has emerged as one of the most exciting talents in the Premier League, while Emile Smith Rowe has seized his chance in the first team with a string of impressive performances. Meanwhile, the likes of Gabriel Martinelli, Eddie Nketiah, and Reiss Nelson have shown promise, and Arteta believes Arsenal have a bright future as long as he can find the right balance in the squad.

"There's great potential with them ... They're ready to take responsibility in important moments," he said. "They have the level to do it, the hunger to do it and the right senior players around them to help as well. It's about how we click, how we're consistent."

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Arsenal v West Brom player ratings

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Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.

Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

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This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home. 

What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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CDU: "Now is the time to control the German borders and enforce strict border rejections" 

SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"