True Potential Morning Markets

In today’s Morning Markets, Matt Henderson looks at the latest set of PMI data from the US and what this means for the country’s servicing and manufacturing industries. He breaks down the contrasting results for each while analysing how the three main components of these industries - new orders, pricing and employment - have influenced these numbers.

Yesterday we had PMI (Purchasing Managers Indices) readings across Europe and the UK which offer insight into the strength of the manufacturing and services industries. This data helps to establish whether an economy is expanding or contracting. How did the UK data look in comparison to Europe?

The UK was expected to fall into a recession this year, but yesterday’s Autumn Statement from UK Chancellor Jeremy Hunt has helped highlight that this hasn’t been the case. Kevin Kidney, Investment Director, reflects on some of the key announcements that reinforce this while looking at what these mean for workers, businesses and your investments.

Paul Durrans, Investment Director, discusses yesterday’s minutes from the latest Federal Reserve meeting. This offers insight into the central bank's latest assessment of the US economy, with investors looking for clues on where the US central bank members see the path of interest rates heading. 

The US Federal Reserve has taken interest rates from 0.25% to 5.50% since March 2022 in a battle to combat inflation, but have we seen the end of these hikes? George Bell, Portfolio Manager, offers insight into current market expectations ahead of today's release of the Federal Reserve minutes.

With the Autumn Statement looming for the UK, and Thanksgiving in the US at the end of the week, our Chief Investment Officer Jeff Casson takes a look at the week ahead and the potential impact on global markets. How does Black Friday illustrate the health of the consumer markets? How could taxation changes from the Autumn Statement affect UK businesses and consumers? Find out on today's Morning Markets.

This week we have seen a meaningful moderation in US inflation readings, on Thursday this theme was supported by evidence of a cooling in the labour market and the prices paid for finished goods and services. George Bell, Portfolio Manager, analyses the details of these reports and the market reaction.

The US economic cycle remains robust and the path of falling inflation gives confidence that interest rates will not rise further. How does this impact markets? Equity markets are the primary beneficiary of falling price pressures.

Yesterday markets were focused on the US Federal Reserve’s announcement of inflation falling closer to its 2% target. This morning that attention turns to the UK, as inflation falls again to 4.6%. Paul Durran’s, Investment Director, explains the factors leading to this and why both of these announcements are a positive for interest rates, investors and markets.

The UK economy's continued resilience remains impressive as thousands of jobs have been added, contrary to projection data. Matt talks about the UK wage inflation and how that affects your investments.