Fed Chair Jerome Powell took on the role of Santa Claus last week and gave the markets an early Christmas present! Chair Powell said it was “not likely” there’d be further hikes and that he and his colleagues were considering “dialling back the amount of policy restraint in place”. Although US interest rates were kept […]
Monthly Archives: December 2023
Investment markets continued to grind higher last week, with a weak Pound helping to flatter overseas’ returns. This helped to build on the excellent returns that we saw in November. Following much recent speculation of impending interest rate cuts, this week will provide substance to the speculation as we have Central Bank meetings in both […]
Last week was very quiet. Markets ticked up a touch, which helped round off an excellent month of November. November saw global stock markets rise by 5.4% (their best month since July last year) and global bond markets rise by 3.3% – which was their best month since December 2008! Bond markets had a really […]