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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Market Update - 25th October 2023.
25th October 2023
This week, investors mulled over multiple PMI datasets, most notably from the UK and US. A PMI below 50 indicates a contraction, while anything above indicates an expansion. In the UK, the preliminary reading for the services sector dipped slightly to 49.2 in October 2023 from 49.3 the previous month.
Market Update - 18th October 2023.
18th October 2023
The US consumer once again displayed resilience this week as fresh data came in on Tuesday regarding retail sales, placing the US even further away from recession. Shoppers were revealed as continuing to spend
Market Update - 11th October 2023.
11th October 2023
This week’s headlines have centred around the conflict between Hamas and Israelis that has seen many people either wounded, killed or displaced from their homes. On Saturday, an attack by the group, Hamas, occurred and was swiftly followed by Israel declaring war on the Gaza Strip
Market Update - 4th October 2023.
4th October 2023
This week, rising bond yields have been at the forefront of investors’ minds as markets digest a so-called higher for longer interest rate environment. On Tuesday, the Fed made some hawkish statements about monetary policy,
Market Update - 27th September 2023.
27th September 2023
With a scarcity of significant economic data releases so far this week, the attention of market participants has predominantly centred around a threat of a Government shut down in the US. Political deadlock is currently occurring in the world’s largest economy over disagreements concerning public spending cuts that are being championed by the Republican party.
Market Update - 20th September 2023.
20th September 2023
Amidst the threat of a Government shutdown, this week investors listened closely to an interview with US Treasury Secretary Janet Yellen about the outlook for America’s economy. On Monday, Yellen reiterated the resilience of the US, stating that it would be able absorb