Once again it was “inflation” that was driving markets and last week the spotlight was on the UK. The 7.9% CPI print was less-than-expected and drove a big rally in both the stock market and the bond market, with interest-rate-sensitive areas of the markets rallying hardest (such as housebuilders and consumer stocks). This week sees […]
Monthly Archives: July 2023
17
Jul
Jul
Investment markets had a really strong week, driven by news that US inflation had dropped down to 3%. This saw equity markets rally hard and the US Dollar fall back. Bond markets also benefited, with yields falling (prices rising) on expectations that interest rates would get cut at a future date due to inflation not […]
10
Jul
Jul
Following a really strong end to the second quarter, markets stumbled in the first week of July. Both equity and bond markets fell in what was an extremely(!) quiet news week. It’s likely that the next few weeks will be much more instructive for markets as we see companies report their second quarter earnings’ numbers […]
05
Jul
Jul
The second quarter of 2023 saw clear divergence between the Global economy and the UK economy. The Global economy showed sure signs of turning a corner and this was reflected in good returns for global stock markets. Conversely, the backdrop of stubbornly high inflation in the UK had the effect of backing Bank Governor Bailey […]
03
Jul
Jul
Stock markets posted good gains last week to round off the quarter. Much of the rise came at the end of the week, following news of US inflation coming in at its lowest level since April 2021. This made for gains of about 3.7% for the quarter as a whole for global share markets which […]