Although markets are expected to remain volatile, experts identify three reasons for investors to be optimistic. Reason one: shipping costs, oil prices and house prices – all of which contributed to this year’s steep increase in inflation – have now begun to fall. This should help to reduce inflation in the months ahead. Energy support packages are likely to…
Inflation continued to dominate the markets, US Fed governor Waller said last week that more needs to be done on interest rates and that the Fed should not pause until it sees firm evidence that inflation is easing. Comments were echoed by Chicago Fed governor Evans, who called for policy to be more restrictive and sees…
Markets ended last week moving downwards and have started this week in a similar tone. The S&P 500 was down -1.5% on Friday and now stands at its lowest level since November 2020. In European markets yesterday morning the STOXX 600 is down -0.7% and the FTSE 350 down -0.5%, both off initial lows….
Last week saw dramatic moves in markets, after a flurry of interest rate hikes and hawkish messaging by central banks – which was led by the Federal Reserve’s third successive +0.75% increase, whilst the UK’s ‘mini budget’ created fall out of its own. Investor concerns about a ‘hard landing’ in the US, has put pressure…
Trust Registration Service (TRS) Following European wide anti-money laundering regulations, HM Revenue & Customs (HMRC) now require most trusts to be registered on their online TRS. The types of trust (unless excluded) that would need to be registered include: An express trust UK and non-UK trusts with a liability to UK taxation A Designated Unit…
With the energy and cost of living crisis continuing to be a key political issue, European utilities have been asking for government support to help them finance more expensive gas purchases and the European Commission is working on structural reform to the power market in order to decouple the price of electricity from the price…
In the US the S&P 500 Index closed up 0.3%, with all 11 of the major industry groups rising, led by the energy and real estate sectors. The Nasdaq 100 Index climbed 0.3% as yields steadied above 3% and the Dollar fluctuated. The blue-chip Dow Jones Industrial Average rose 0.2%. After a blistering rally from…
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The main news item over Friday and the weekend was the July non-farm payrolls report from the US. The increase was 528k, much faster than consensus for 250k and compared to 398k in June. This was the strongest payroll gain in five months and the release noted widespread job growth led by gains in leisure,…
European equity markets were relatively muted on Friday, with the FTSE All-Share modestly up +0.2% and the STOXX 600 up +0.3%. However, US equities fell, selling off through the day, led lower by growth sectors after disappointing earnings reports, particularly in social media. The S&P 500 ended down -0.9%, the Dow Jones Industrial Average down…