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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.
Week ending 8th December 2023.
11th December 2023
Markets ended the week mainly with gains. In the Eurozone, GDP for Q3 contracted 0.1% - the first fall of its kind since Q4 of 2022.
Week ending 1st December 2023.
4th December 2023
As you can see from the accompanying table markets in the US and Europe ended the week higher. November marked a significant positive shift for markets, bolstered by a series of positive developments:
Week ending 24th November 2023.
27th November 2023
It was a fairly quiet week as markets wound down for the Thanksgiving holiday. In the US, markets closed on Thursday and opened for limited hours on Friday, which meant global markets had to look elsewhere for cues.
Week ending 17th November 2023.
20th November 2023
Lower inflation rates in the US and UK have injected a fresh wave of optimism among investors. This week, we saw a robust rally in the markets, sparking beliefs that central banks may be hitting the ceiling on interest rates. It looks like the Fed are now getting to have their cake and eat it, too! On Thursday, US retail sales demonstrated that consumers are feeling the pinch of higher borrowing costs after splurging over the summer,
Week ending 10th November 2023.
13th November 2023
Central banks have been actively tempering market expectations for interest rate cuts this week, following pauses in monetary policy at their latest meetings. Markets rallied following the decisions last week with hopes the latest pause marks an end to monetary tightening.
week ending 3rd November 2023.
6th November 2023
As you can see from the accompanying table, markets closed the week higher marking a refreshing departure from the negative sentiment that had prevailed in recent weeks. This week markets took on a more positive tone as investors monitored decisions from both the Federal Reserve and the Bank of England.