True Potential Morning Markets

Our Investment Director Kevin Kidney previews the week ahead with end of April jobs and GDP data coming through for the UK, and inflation data coming out of the USA, we'll dissect what this means for your investments.

This week George Bell, Portfolio Manager, and Faye Graham, Investment Analyst, review the European Central Bank's decision to cut interest rates for the first time in five years and the revision to inflation projections. The team also review the latest employment data from the US which reflected stronger than expected numbers for employment and wage growth over the month of May.

The US stock market hit a new high today as Nvidia surpass Apple for a market valuation of $3 trillion. Chris Leyland, Director of Investment strategy covers this, the cooling of the US job market and its affect on the equity markets as well as the imminent European Central Bank decision.

Today, Matt Henderson, Portfolio Manager, looks at recent economic data showing a moderation in growth in the US and what effect this is having on asset markets as well as the green shoots we’re seeing in other regions such as Europe and China.

Paul Durrans, Investment Director, focuses on the somewhat softer US manufacturing survey data and the reaction in markets. In addition, Paul discusses how markets can react to politics. This week we've had the election results in India and Mexico.

Jeff Casson, Chief Investment Officer, looks ahead to the European Central Bank meeting this week and significant expectation of the first interest rate cut. This would mark a divergence from post covid monetary policy which has been led by the US Federal Reserve. Can data point from last week throw the decision into contention? 

Portfolio Manager’s George Bell and Matt Henderson on the last day of the month take a retrospective look at May in what was a positive month for both equity and bond markets. Resilience across developed market economies and business profitability paved way for breadth of regional equity market returns. Constructive themes for portfolios which outweighed political headlines. 

Today, Kevin Kidney, Head of Asset Allocation focuses on corporate earnings upgrades, the strength of the global consumer and the effect this is having on equity markets. As prices rise above inflation the US consumer is now taking their money elsewhere with expectations for companies such as McDonalds, Starbucks and Pepsi to offer promotions to retain market share. 

Paul Durrans, Investment Director, takes the opportunity to look at the key trends in equity markets and the benefits of global multi-asset exposures. With exceptional year to date figures in global equity markets, over the last week, AI enthusiasm has continued to support US equities.

Chris Leyland, Director of Investment Strategy, covers OPEC+ and their attempts to stabilise oil prices, the direction of US interest rates and the members of the European Central Bank’s comments which shed light on a potential cut in a decision taking place next week. Will we see a divergence of policy to the Federal Reserve and the Bank of England?