Weekly outlook: Annual Jackson Hole central bank symposium and Nvidia reports
Key events for UK wealth managers for the week starting 21 August
Macro News
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‘We need a monetary policy review’: Industry reacts to ‘stubborn’ UK inflation figures
Several industry commentators call for the Bank of England to tread carefully amid a lack of confidence
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Record 7.8% UK wage growth to feed further interest rate rises
Signs the cost-of-living crisis is beginning to ease, though a September rate rise looks ‘bolted on’
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Investors go ‘back to basics’ with allocations as confidence ticks up in Q2
Emerging market equities and debt managers delivered strongest returns
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Weekly outlook: UK inflation figures and L&G reports
Key events for UK wealth managers for the week starting 14 August
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US inflation reaction: Hiking cycle could end despite 20bps increase in July
3.2% figure was lower than predicted
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Bank of England’s ‘war on enemy number one’ continues with 14th hike
The Bank hiked by 0.25% to a rate of 5.25%
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Investor reaction: US credit downgrade ‘purely political’
Fitch lowered US credit rating to AA+ from AAA following repeated debt ceiling crises
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Weekly outlook: Bank of England interest rates decision and Apple reports
Key events for UK wealth managers for the week starting 31 July
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Reaction: ECB approaching ‘cruising altitude’ following dovish statement and rate hike
ECB raises rates by 25 basis points
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Fed’s ‘well-telegraphed’ rate rise seen as the end of this hiking cycle
US base rate up to a target range of 5.25% to 5.5%
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Two thirds of professional investors think macro investing now ‘more relevant’
Fulcrum Asset Management quizzed 205 UK and US participants