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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Market Update - 9th August 2023.
9th August 2023
Rainy days in July kept UK shoppers indoors. The British Retail Consortium (BRC) reported that sales rose by 1.5% compared with July last year, which is less than half the 12-month average growth rate.
Market Update - 2nd August 2023.
2nd August 2023
There has been plenty of economic data releases already this week for markets to digest. In the Eurozone, despite remaining higher than the European Central Bank’s target of 2%, the headline figure for the region dropped to 5.3% in July from 5.5% in June.
Market Update – Cash vs Equities Special
28th July 2023
The world has changed immensely over the past three years: the coronavirus outbreak and associated lockdowns resulted in an unprecedented monetary and fiscal response and a temporary supply/demand mismatch which caused inflation to start rising.
Market Update - 26th July 2023.
26th July 2023
PMI services and manufacturing data came in this week for the UK, Eurozone and US. With regards to the UK, manufacturing PMI reflected a decrease in production from a downturn in orders both domestic and foreign.
Market Update - 19th July 2023.
19th July 2023
The news at the start of the week spoke of the noise surrounding China’s latest GDP figure. Reports noted that GDP grew 0.8% in Q2, versus 2.2% in Q1.
Market Update - 12th July 2023.
12th July 2023
Data this week showed signs of a loosening labour market in the UK. From March to May 2023, the UK witnessed a rise in its unemployment rate, reaching 4.0%.