True Potential Morning Markets

Join Jeff Casson for a look at the week ahead and a summary of Friday's US Jobs report which highlights that wages are rising faster than inflation. Looking ahead, we can expect to hear more about inflation, retail sales in Europe and in both the US and the UK we will begin to see earnings reports for Q4 2023 from big names such as M&S, Wells Fargo and Bank of America.

This morning the latest reading on the UK consumer was released, highlighting UK retail sales for the month of November. Paul Durrans, Investment Director, delves into the details of these numbers, looking at why low growth in this area is still ahead of expectations, and what this means for the broader UK economy. 

We’ll be back with Morning Markets on the 8th of January 2024, this time with a slightly different format. At the end of each week, we’ll be bringing you a round-up show, discussing the week’s performance and how it has affected your investments. Have a great festive period from all of us here at True Potential!

Evidence of falling inflation in the UK is increasing the magnitude of interest rate cuts the market expects for 2024. This is pushing down on bond yields, driving positive price returns for Gilts and UK equities. George Bell, Portfolio Manager, discusses the key market moves. 

This morning we saw UK headline inflation come in at 3.9% year-on-year for November, well below economists’ expectations of 4.4%. This is the lowest level of headline inflation since September 2021 - how have markets reacted?

With the announcement that the Bank of Japan's monetary policy will remain unchanged, Portfolio Manager Matt Henderson delves into what that means for bond yields, the strength of the Yen, and your investments.

Last week we saw strong performance from both equity and bond markets, what caused this? Markets are exceedingly confident that interest rate cuts will follow in the US , Eurozone and the UK over the next 6 months. In addition to this, Inflation has well and truly peaked and will slow considerably across all major economies next year.

Yesterday the Bank of England voted to hold interest rates at 5.25% for the third time in a row. George Bell, Portfolio Manager, looks at the key takeaways from the meeting, how falling inflation has influenced their decision and why all this could be more good news for investors.

Yesterday the Federal Reserve had its latest say on the health of the US economy and its expectations going forward. For the third time in a row, they left interest rates unchanged, but what does this mean for investors? Paul Durrans, Investment Director, looks at the positive market reaction and why the US Central Bank is guiding to further interest rate cuts next year.

Hot off the press this morning is UK GDP data for the month of October. Additionally US inflation data for the month of November was published yesterday. Our Investment Director Kevin Kidney dissects how this has affected global markets.

As UK unemployment news comes out this morning, our Director of Investment Strategy, Chris Leyland dissects what it means for the Bank of England, interest rates and the UK economy.