Global stock markets rose by just over 2% last week, with US and UK shares doing the heavy lifting. Within the US, we had the much-anticipated earnings report from Nvidia: with the company posting some very strong numbers. Alongside that there was some decent economic data out of the US and some good corporate data […]
Monthly Archives: November 2024
18
Nov
Nov
Stock markets were muted last week after a strong recent run. Losses within Global share markets were limited to just 0.1% due to weakness in the Pound (and strength in the Dollar). The Pound fell by about 2.4% vs the US Dollar, reflecting a marginally stronger outlook for the US and a marginally weaker one […]
12
Nov
Nov
Chief Investment Officer, Rory McPherson, and Chief Investment Strategist, Georgie Ogilvie-Jones have been named in the prestigious Citywire Wealth Manager Top 100 list for 2024. In the same year as Magnus passed £1bn of client assets under management, the naming of two of its team in Citywire Wealth Manager’s Top 100 completes a transformational 12 […]
11
Nov
Nov
Stock markets cheered the result of the US election, with global stock markets having their best week in over a year! US stocks drove most of the gains, with smaller companies (especially regional banks) enjoying the best returns. Last week also saw interest rate cuts come in from the Bank of England and the US […]
08
Nov
Nov
Coming up Trumps! This was certainly the view from stock markets yesterday, with US markets in particular, surging on the news of a decisive victory for Donald Trump and the Republican Party. In this short note, we unpack some of the implications for markets and what this might mean for our Portfolios. First, the market […]
08
Nov
Nov
Today (8th November 2024), Rory McPherson was a guest on CNBC’s Squawk Box, the quickfire morning show dedicated to financial markets. There was much to discuss in the wake of a decisive victory for Donald Trump in the US Presidential Election and a controversial Budget in the UK. Watch Rory on CNBC
04
Nov
Nov
Global stock markets fell back by about 0.8% last week, with most of the sell-off coming at the end of the week. Whilst it was the UK budget which grabbed the headlines, its impact on the market was fairly muted. Much of the sell-off was driven by the big US tech stocks, with some of […]