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.
The beginning of 2025 has brought a sense of uncertainty for many. At the same time, ongoing global conflicts continue to contribute to wider concerns about the future. However, there are steps people can take to improve their financial situation.
Recent market turbulence has been unsettling for many, especially those considering investing. However, it’s important to remember that investing is a long-term commitment and resisting reactive decisions is crucial.
Recent market turbulence has been unsettling for many, especially for those planning to retire. WEALTH at work, a leading financial wellbeing, retirement and workplace savings specialist, outlines below what people who are approaching retirement need to consider.
Tentative signs of improvement have surfaced in China's industrial sector. Data from the National Bureau of Statistics showed that industrial profits rose 1.4% year-on-year between January and April, which is an improvement from the 0.8% growth recorded in the first quarter.
UK inflation came in higher than expected for April, with the Consumer Price Index (CPI) rising to 3.5%, up from the 2.6% rise in prices in March. Core inflation—which strips out the more volatile categories of energy, food, alcohol, and tobacco—also climbed, reaching 3.8% in the 12 months to April, compared to 3.4% in the previous period.
The United States and China announced a breakthrough in trade talks on Monday, agreeing to pause most of the tariffs imposed on each other’s products for a period of 90 days. As part of the deal, both nations will significantly reduce their mutual tariffs— the US will cut tariffs on Chinese goods from 145% to 30%, while China will cut tariffs on American imports from 125% to 10%.