Jobs, who needs one when the market is going up!

It's relatively quiet in Macro and UK Company News this Friday:
Bank of England - pauses rates for a second month
Stock markets - a welcome bounce
REITS and housebuilders - top-performing UK sectors

Read the accompanying blog: https://progressive-research.com/insights/jobs-who-needs-one-when-the-market-is-going-up/

Risk on!

In Macro News
The Fed paused rates for a second month and the Bank of England will follow suit today.

Company News from:
HWDN, MGNS and TRN and the Prognosticator considers why Trainline is a killer app.

Read the accompanying blog: https://progressive-research.com/insights/risk-on/

How to do fashion retail

Updates:
ASC, ASOS and NXT

Macro News:
The EuroZone - reported GDP and inflation rates lower than expected
BP - wrote off over $500m from its US onshore wind assets yesterday

Read the accompanying blog: https://progressive-research.com/insights/how-to-do-fashion-retail/

Zegona SPACtastic!

In today's Macro and UK Equities news:
JGB yields pushed towards the 1% level
SXS Spectris updates on solid sales growth in Q3
YCA Yellow Cake said that uranium price increased 31.3% to $73.5/lb in the Q to Sept

Read the accompanying blog: https://progressive-research.com/insights/zegona-spactastic/

Ascential demonstrates hidden value in UK equities:

In Macro News:
Oil prices, Bond Yields and the Gold Price have all stabilised at elevated levels
German Inflation and GDP data out today
Japanese interest rate decision and EU GDP and inflation data tomorrow

In UK Company News:
CHRY Chrysalis announced its quarterly NAV and trading update
ASCL Ascential has announced the proposed sale of Digital Commerce and WGSN for a total EV of £1.4bn.

Read the accompanying blog: https://progressive-research.com/insights/ascential-demonstrates-hidden-value-in-uk-equities/

Soft landing?

In Macro News:
US GDP and durable goods demand continue to indicate a strong US economy
Quarterly PCE data showed that inflationary pressures are being contained
Global bond yields continue to edge higher  and oil prices firmed

Read the accompanying blog: https://progressive-research.com/insights/soft-landing/

Pivot back to fossil fuels

In Global Market and Macro News:
World bond market yields rising, gold price higher plus Meta reported today - hinting at global advertising headwinds

......and in UK Company News:
RSW Renishaw manufacturing bell weather stock updated - subdued demand but seeing some positive investment trends
SFE Safestyle - entering sale process
HTG Hunting - in line with recovery trajectory
UKW Greencoat UK - share buyback proposal as trend pivots back to fossil fuels

Read the accompanying blog: https://progressive-research.com/insights/pivot-back-to-fossil-fuels/

AI, friend or foe?

In today's MacroNews:
Oil and gas prices and bond yields continue to weaken and equity markets mostly steady with gains in Asia

...and in UK Company News:
IGR and OMG - issue positive updates
Bell weather IT stock Bytes - capitalising on AI opportunities
RWS revenue decline slowed - think AI developments positive but markets sceptical
FRAN update - 7 franchise brands in 10 countries, managing change in B2B and B2C portfolio

In Macro News:
Major oil M&A as Chevron buys Hess
Oil prices and bond yields
Bitcoin - will the SEC sanction Bitcoin ETF?

and in UK Company News:
SCS receive recommended cash offer and recently IPO'd CABP face challenges in the FX provider space

In Macro News today: oil price, bond yields and the US dollar stabilising but tensions remain high in Israel

The week ahead:
Tomorrow - UK unemployment numbers and US PMI manufacturing data
Wednesday - Powell talks plus oil inventory data
Thursday - ECB European Central Bank interest rate decision plus US GDPR data
Friday - US PCE price index (FED inflation data)

For the accompanying summary read the day's Market Prognosis.