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It 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…
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The 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…
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In 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…
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UK 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…
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Watch 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…
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After 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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The Autumn Statement is based on forecasts from the Office for Budget Responsibility, delivered by the Chancellor of the Exchequer. It is an update on the government’s plans for the economy. This year’s Autumn Budget is particularly interesting with a general election on the horizon. Voters and businesses alike will be looking for any taxpayer-friendly,…
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Earnings season got up to a gallop this week with many of the world’s largest companies updating shareholders. The moves at an index level in the United States were dominated by a mixed bag of results from tech giants, including Microsoft (beat expectations), Alphabet (missed), Amazon (beat) and Meta (beat). Across Europe, some…
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Equity markets were generally lower this week following a reduction in risk appetite amongst investors as the uncertainty around the heartbreaking events in the Middle East increased. On Wednesday, the Office for National Statistics released the latest inflation data for the UK. Having been expected to fall slightly over the month, inflation held steady at…
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Weekly Market Update- Week Ending 08/12/2023
It 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…
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