The main event for markets this week is a busy diary for central bank policy decisions with the Federal Reserve, the ECB and the Bank of England all expected to raise interest rates. The ongoing rally in US equities ran into some headwinds on data pointing to continued high inflation and a still-tight job market,…
The key news story for markets on Friday was the US Non-farm Payrolls for November, which came in at 263k jobs added, well ahead of consensus at 200k. There was also an upward revision to the October reading from 261k to 284k. The unemployment rate nevertheless held firm at 3.7% and wage growth was also…
Today China developments are dominating headlines, with COVID frustrations boiling over as lockdowns triggered civil unrest in multiple cities including in Beijing and Shanghai – where police appeared to struggle to disperse crowds. The protests reflect the most direct challenge to party authority since Tiananmen Square in 1989 with protesters openly chanting for the CCP and President Xi to…
COP27 ended on Sunday with an agreement for richer countries to fund poorer nations, although details need to be agreed. There was also a failure by countries to agree to phase out fossil fuels, meaning commitments on emissions did not go further than the weakened Glasgow COP26 pledge to phase down polluting coal power and…
Although the inflation data last week was softer than expected, US CPI is still reverberating and has not materially changed higher-for-longer messaging from Federal Reserve officials. Fed Governor Waller today reiterated there is still a long way to go before concluding interest rate hikes, noting rates will stay high until inflation is closer to the…
Here’s our weekly market update – follow Synergi to get regular market data and opinions. US markets closed the week on a high note with the S&P 500 up +1.4% and the NASDAQ up +1.3%. Materials was the best performing sector, followed by financials and communication services. The worst were healthcare, utilities and consumer discretionary,…
UK IHT for non-domiciled individuals with UK situs assets outlines how using a policy of life assurance or capital redemption could assist a UK non-domicile mitigate a potential UK IHT liability on any UK situs assets such as stocks and shares. Data collected by HM Revenue & Customs (HMRC) has revealed that inheritance tax (IHT)…
Millions of people are in a state of financial paralysis – but doing nothing could be the worst option of all. Should I invest? How long should I lock away my cash? are some of the questions asked by those who have put their finances on hold because of the recent economic and political upheaval….
Climate change, resource scarcity and human rights – just some of the huge sustainability issues that we consider when we invest your pension money. More than half of our customers told us they want to know more about this, so as part of Pension Engagement Season, we’re sharing key points and top reads. Your pension…
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…