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Market Update – 13th August 2020.
13th August 2020
Yesterday’s US CPI inflation came in higher than expected, with the headline rate rising from 0.6% in June to 1.0% in July, while the core reading, which excludes volatile items such as food and energy, came in at 1.6%, up from 1.2% in June.
Market Update – 12th August 2020.
12th August 2020
This morning’s headlines have been concentrated on the UK’s Q2 GDP data, which showed the UK economy contracted by 20.4%.
Market Update – 11th August 2020.
11th August 2020
Just like parents waiting for their children’s A-Level results this week, equity markets have a nervous wait for this week’s review of the Phase 1 US/China trade deal, given China is currently behind on its agreed US purchases.
Market Update – 7th August 2020.
7th August 2020
While UK equities fell yesterday following the BoE’s monetary policy meeting, coupled with news that the commodity trader and miner, Glencore, was the latest company to announce it was cutting its dividend (which hit all of the miners – a sector that makes up around 10% of the FTSE-100), US equity markets closed higher last night following economic data which showed that fewer Americans filed for jobless benefits.
Market Update – 6th August 2020.
6th August 2020
The BoE’s monetary policy decision, meeting minutes and forecasts were all released at 7am this morning.
Market Update – 5th August 2020.
5th August 2020
Good news is hard to find from watching TV or reading the tabloids – and no wonder given the list of negatives, for example: the recent reacceleration in coronavirus infections; the continuing Republican/Democrat standoff in Washington over the amount of support that is needed for those companies and workers that have been negatively impacted by the coronavirus; the deteriorating US/China relations over trade, Taiwan, Hong Kong and now the TikTok app; and following yesterday’s explosion in Beirut, tensions in the Middle East could start to rise once again.