Market update 20 February 2023
We ended last week with a slate of hawkish comments from central bankers – a reminder that they aren’t done tightening interest rates just yet and that market expectations for rate cuts later this year are probably much too soon, given the inflation outlook. From the ECB, Isabel Schnabel and Francois Villeroy de Galhau both…
Inflation comes in hotter than expected
The major news last week was the release of US Consumer Price Inflation (CPI) data for January. The reading, which analysts thought would come in at 7.3%, hit a 40-year high and was ahead of expectations at 7.5%, year-on-year (YoY). This was 0.2% higher than expected, and the steepest 12-month rise since 1982. Core CPI…
The markets to watch in 2022 as the inflation story continues
After a tumultuous 2021, Capital.com’s chief market strategist David Jones explains what traders and investors should look out for in the year ahead in the face of inflation, the pandemic, and uncertainty over how much further the technology bull market has left to run. Inflation unsurprisingly spiked in 2021 as the global economy recovered from…
Keep calm and carry on
Investors are likely to be feeling discomfort at the moment. Markets are on a rollercoaster ride with the S&P and the Nasdaq posting their worst returns in the past few weeks since the beginning of the pandemic. Wall Street saw wild swings in equity prices, with indices down 4% at one stage – only to…
Do you know your Domicile?
One area that we have been speaking to residents about more and more recently is domicile, and in particular when they have clients that fall into either of the following categories: – UK Expatriates If clients have left the UK, do they know that they could still be UK domiciled and subject to UK inheritance…