Last week Global equity markets lost -2.9% in Sterling terms in the week to 18th July; trimming gains in the year to date to 6.9%. A number of factors influenced the broad global sell off: but flat corporate earnings growth in the US and the perception that China’s economic growth is faltering both had an effect. […]
Monthly Archives: August 2023
Global stock markets made modest gains last week thanks to the US market getting a boost from some a-than-expected inflation number. The other big news (in the context of a very low summer news week!) was a surprise up-tick in UK growth; on the back of increased consumer spending in June. This week is also […]
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Stock markets had a bit of a “re-set” last week after a really strong run. The downgrade in credit rating of US Government debt was the key catalyst and the noise around this drowned out some good earnings’ reports from US corporates. The other big news last week was the rate rise (14th consecutive one) […]