True Potential Morning Markets

Kevin Kidney, Head of Investments, looks at the trade implications of Trump’s tariff intentions for Mexico and Canada and the likelihood of such policy becoming reality. With all time highs in the S&P500 and a 30 month high in hiring intentions, the story is of strong US growth.

This morning, Director of Investment Strategy, Chris Leyland, explores reports of Donald Trump raising US tax tariffs on foreign goods from China, Mexico and Canada. The updated tariffs are supposed to encourage US consumers to purchase US-made products that would be cheaper than their international counterparts. Raising tariffs could affect the trading relationships between the US and their international trading partners, but, how could this affect markets going forward?

George Bell, Portfolio Manager, looks at incoming US and Eurozone inflation data this week which markets expect to increase despite divergent policy backdrops. Are we seeing a trend of inflation heating up?

Chris Leyland, Director of Investment Strategy and George Bell, Portfolio Manager, look at the backdrop of escalating tensions between the US and Russia its effects on gold and oil. Chris and George also look at the latest UK inflation data and what it says about the trajectory of the economy.

Matt Henderson, Portfolio Manager, looks at the most recent earnings report from technology company Nvidia and the market reaction. Nvidia is now the most valuable stock in the world, up over 200% this year alone, but can it maintain its position? 

Kevin Kidney, Head of Investments, looks at the latest UK inflation reading which has came in at 2.3%, rising as markets have expected following the government’s budget announcement. Kevin looks at the growth outlook and the Bank of England’s interest rate cut trajectory and the pressures the economy will face moving into 2025.

Sebastian Mackay, Investment Director, looks at the potential role inflation played in winning the US election for Trump as well as a look at the post pandemic price levels that still remain elevated approximately 30% higher than in January 2020. Some economists believe that we are entering into an era of expansive US fiscal policy and we could see a shift in central bank inflation targeting to price level.

Paul Durrans, Investment Director, looks to a week filled with data from the UK that will give insight into the economy. Expectations are that UK inflation will go up due to energy costs, will this change the Bank of England’s interest rate cut cycle? We will also get housing and manufacturing data from the US with a keen eye on whether growth in the goods sector can be seen after a stagnant two years.

Kevin Kidney, Investment Director and Faye Graham, Investment Analyst, refocus on UK markets after major market events from the US. Our experts look at the UK jobs data, the economic growth outlook and the Bank of England’s interest rate cut expectations.

Sebastian Mackay, Investment Director, looks at the sudden drop in gold prices since the US election and what may have caused the shift in sentiment towards the asset. Seb also looks at the spike in Bitcoin which may be being driven by a Trump cabinet which has a favourable outlook on cryptocurrency. Will cryptocurrency be increasingly viewed as an alternative to gold?