BlackRock: Banks ‘quietly outperform’ amid market volatility
BlackRock analysis estimates banks will return 33% of market cap to shareholders over next three years
Macro News
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Nvidia share price drops in after-market trading despite outperforming forecasts
Nvidia second quarter results post $30bn in revenue
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Weekly Outlook: Nvidia and Prudential first-half results
Key events for wealth managers for the week beginning 19 August
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Jackson Hole Economic Symposium puts eyes on Powell
Commentators discuss what to expect at the meeting ahead of Fed chair Jerome Powell’s speech
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Quilter: Fund groups expect Labour’s policies to enhance economic growth
Investors expect economy to grow 1.22% in 2025, up from 0.98%, according to Quilter’s Investor Trends Survey
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Weekly Outlook: Central bank symposium and Antofagasta results
Key events for wealth managers for the week beginning 19 August
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UK economy grows 0.6% in Q2
Continuing momentum from the 0.7% growth in Q1
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US CPI inflation hits 2.9% ahead of September Fed decision
Industry commentators predict September rate cut from the Fed
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UK inflation rises to 2.2%
Industry commentators respond to inflation uptick
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UK unemployment falls to 4.2% while year-on-year pay rises slow
Unemployment levels came in 20 basis points lower than the Bank of England’s forecast
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Weekly Outlook: UK Misery Index data and Aviva first-half results
Key events for wealth managers for the week beginning 12 August
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IA: Equities experience positive quarter after June £1.2bn inflows
Fixed income loses £1.2bn in June while net inflows into equity funds turn positive