Latest News and Articles

Weekly Market Update 06/12/2024

06 Dec 2024
Posted in
A man crouching looking over a mountain range with MHA Caves Wealth logos across the bottom

UK house prices rose at the fastest pace in two years in November, amid strong wage growth and lower mortgage rates. According to figures released by Nationwide, average house prices rose 3.7% in the year to November, higher than analysts’ expectations of 2.2% following an increase of 2.4% in the year to October. Nationwide’s figures…

Read More

Weekly Market Update 29/11/2024

29 Nov 2024
Posted in

Donald Trump has pledged to impose tariffs on imports from Canada and Mexico of 25%, and China an additional 10% on top of current levies from his first day in office, according to a post made on Truth Social, his own social media site. In reaction, the Canadian dollar fell 0.9% against the US dollar…

Read More

Weekly Market Update 22/11/2024

22 Nov 2024
Posted in
A man looks over mountains with MHA Caves Wealth logo across the bottom

Official data released on Wednesday by the Office for National Statistics showed a sharp increase in UK inflation. The Consumer Prices Index (CPI) rose by 2.3% in the year to October 2024, up from 1.7% in September and above analyst expectations of 2.2% according to Reuters. The rise could be partly attributed to a 10%…

Read More

Weekly Market Update 15/11/2024

15 Nov 2024
Posted in
A man and woman look over mountains with MHA Caves Wealth logo across the bottom

The UK economy grew just 0.1% in the last quarter according to data released by the Office for National Statistics. This was below economists’ expectations of 0.2%, and the previous quarter’s rise of 0.5%. The services sector, which accounts for circa 80% of the economy, expanded just 0.1% compared to 0.6% in the previous quarter.…

Read More

Weekly Market Update 08/11/2024

08 Nov 2024
Posted in

Naturally, the big news of the week was Donald Trump’s historic victory in the US presidential election, which saw US stocks hit record highs. The S&P rose 2.5% on the day, and the tech-heavy Nasdaq 2.7%. It was technology and financial stocks that rose the most off the back of hopes of further deregulation in…

Read More

Weekly Market Update 18/10/2024

18 Oct 2024
Posted in
A man crouching looking over a mountain range with MHA Caves Wealth logos across the bottom

In official data released on Tuesday by the Office for National Statistics, UK wage growth (excluding bonuses) was shown to have fallen to 4.9% in the three months to August, in line with analyst expectations. This is compared to 5.1% in the three months to July. Including bonuses, the latest figure was lower at 3.8%,…

Read More

MHA Caves Wealth Quarterly – Autumn 2024 Newsletter

18 Oct 2024
Posted in ,

Welcome to the latest edition of Caves Quarterly newsletter! Read Now The last quarter has been dominated by domestic considerations, with the focus having been on the first 100 days of the first Labour administration in nearly 15 years following their landslide election victory, and feverish speculation about a budget presaged to contain its fair…

Read More

Weekly Market Update 11/10/2024

11 Oct 2024
Posted in

Data released on Thursday by the Bureau of Labor Statistics showed US inflation fell to 2.4% in September, below the August figure of 2.5%, but above analyst expectations of 2.3%. However, the continued easing of inflation has reinforced expectations of a quarter percentage point rate cut by the Federal Reserve in November, with markets pricing…

Read More

Weekly Market Update 04/10/2024

04 Oct 2024
Posted in

On Thursday, Sterling experienced its largest fall against the dollar since October last year, falling 1% off the back of comments from Andrew Bailey, governor of the Bank of England. Bailey told the Guardian newspaper that rate-setters could be “a bit more aggressive” if inflationary pressures continue to ease. Investor expectations for two quarter percentage…

Read More

Weekly Market Update 27/09/2024

27 Sep 2024
Posted in
A woman looks over mountains with MHA Caves Wealth logo across the bottom

Chinese shares had their strongest week of trading since 2008 after Beijing announced an unprecedented economic stimulus package. The announcement on Tuesday included a range of measures designed to revive flagging economic growth and help debt-laden property owners, with the People’s Bank of China cutting the reserve ratio requirement for banks, lowering interest rates and…

Read More

Archives

Categories