For professional clients. The mounting doubt over the health and outlook of the US economy that had begun to build in July accelerated into the early part of August. Interest cut expectations are building whilst many other major economies (except Japan) go down the path of rate cuts. Small and mid-cap companies were weaker in August versus larger-cap peers, as following the bout of volatility in in the early stages of the month, volumes and returns down the cap scale were muted for the remainder of the month.

Our MPS Stock pick is Stantec a global leader in sustainable engineering, architecture and environmental consulting. Ethical news covers Vauxhall's competitive EV pricing, the US' first hydrogen train, warmer frozen food (?!), and woodland regeneration in Dartmoor.

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