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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.
Week ending 11th August 2023.
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.
Week ending 4th August 2023.
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
Week ending 28th July 2023.
31st July 2023
This week, the focus in the markets was squarely on the key policy decisions from the Federal Reserve (Fed), the European Central Bank (ECB), and the Bank of Japan (BOJ).
Week ending 21st July 2023.
24th July 2023
This week, investors digested fresh rounds of corporate earnings and the FTSE 100 index maintained its positive momentum throughout the week, after a softer-than-expected CPI report.
Week ending 14th July 2023.
17th July 2023
As shown in the accompanying table, markets experienced gains this week as investors responded positively to further signs of cooling inflation in the US. The prevailing sentiment reflected optimism regarding the economic outlook.
Week ending 7th July 2023.
10th July 2023
This week, US employment data was mixed. Although unemployment was down, the economy added 209,000 new jobs, and this is lower than the 240,000 expected by economists and below that of 309,000 added in May.