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First, please let me take the opportunity to wish you a Happy and prosperous New Year. After a strong run for equities and bonds over the last couple of months, the Federal Reserve (Fed) officials poured a little water on the fire with the release of the minutes from its December meeting on Wednesday. While…
Read MoreIt was a strong week for investment markets as investors reacted positively to speculation that the US central bank could embark on a sharp series of interest rate cuts next year. The Federal Reserve (Fed) held its interest rate steady for the third straight meeting, with chairman, Jay Powell, delivering an early Christmas present to…
Read MoreIt was a broadly positive week, with gains seen across European and American equity markets. On Thursday we got house price data from Halifax. The bank announced that prices rose for a second consecutive month, gaining 0.5% in November, indicating that the market is showing signs of stabilisation. Stocks connected to the construction industry and…
Read MoreIt was a positive week for investment markets. During November, investors have become progressively more reassured that we have reached the peak in interest rates, leading to an increase in risk appetite and strong gains for global equity markets. Inflation has continued to fall faster in many cases than expected and this instils a feeling…
Read MoreThe nation waited patiently on Wednesday to receive Jeremy Hunt’s much-anticipated Autumn Statement. The Chancellor announced policies aiming to cut taxes (personal and business) and stimulate growth in British businesses. In terms of market reaction, it was fairly muted. Thankfully, there was no repeat of the volatility caused by Liz Truss and Kwasi Kwarteng’s disastrous…
Read MoreIn the world of finance, Inflation was firmly on the agenda this week as investors keenly awaited the release of October’s data. First up on Tuesday, we got the news that consumer price inflation (CPI) in the United States fell from 3.7% in September to 3.2% in October, and importantly, core…
Read MoreUK Government bond prices moved higher (causing yields to fall) this week following comments from the Bank of England’s chief economist, Huw Pill, that the bank may be willing to consider interest rate cuts in the middle of next year. Similar price moves have been experienced in the US and Europe in…
Read MoreWatch this invaluable webinar held with the ICAEW Financial Planning Community. Learn how Trusts can be utilised, with practical examples of where different types of vehicles can be used to deliver the most effective outcomes. Trusts offer a way to protect your assets, such as property, cash or investments and facilitate the transfer of assets…
Read MoreAfter a tough October for investment markets, the start of November saw a welcomed bounce as investors reacted positively to a number of central bank interest rate decisions. The Bank of England (BoE) announced that interest rates would be held for the second consecutive month at 5.25%. Six members of the…
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Weekly Market Update- Week Ending 12/01/2024
Equity markets remained range-bound this week as inflation data in the United States led to questions over whether investors are being over-optimistic regarding the potential for interest rate cuts in the first half of 2024. According to the US Labor Department, inflation was 3.4% in the year to December, up from 3.1% in November, and…
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