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.
11th September 2023
Stocks ended the week lower as mounting oil prices and the potential policy movements by major central banks in the coming weeks added to market uncertainty. It was a short trading week in the US with markets closed on Monday to mark Labour Day.
4th September 2023
As you can see from the accompanying table, markets ended the week higher as investors digested a slew of economic data. In the US the much-anticipated Core PCE index (the Feds preferred measure of inflation) matched expectations rising by 0.2% on month in July 2023 and 4.2% on year.
29th August 2023
As you can see from the accompanying table markets mostly closed the week higher. On Friday (25 August) Jerome Powell's much anticipated speech at the Jackson Hole symposium provided limited additional insights. Powell dismissed the idea of altering
21st August 2023
Markets ended the week lower. On Wednesday (16 August), the minutes from the US Federal Reserve's late July meeting disclosed a divergence amongst policymakers regarding the necessity of further rate hikes.
14th August 2023
As you can see from the accompanying table markets ended the week mostly lower as stocks managed to recover some ground as the week unfolded. Investors focussed on US inflation data, with the consumer price index rising 0.2% in July 2023, contributing to a 3.2% year-on-year increase.
7th August 2023
The beginning of the week saw a jittery atmosphere in U.S. markets due to Fitch's downgrade of the sovereign credit rating. However, as we mentioned in our weekly market update