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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Market Update - 31st August 2023.
31st August 2023
Positive news emerged from China this week. The Chinese government extended tax cuts for foreign nationals, meaning they could enjoy taxable deductions on rent, language training, and children's education, amongst other things, right through to 2027.
Market Update - 23rd August 2023.
23rd August 2023
This week has generally been a quiet one for economic reports. On Monday, data came out that Britain’s labour market is losing its inflationary significance.
Market Update - 16th August 2023.
16th August 2023
Giving the Bank of England something to think about this week, data came in on Tuesday (15 August 2023) revealing that the UK’s labour market is finally showing some signs of softening. Reports highlighted a fall of 66,000 job vacancies in the three months leading up to June
Market Update - 9th August 2023.
9th August 2023
Rainy days in July kept UK shoppers indoors. The British Retail Consortium (BRC) reported that sales rose by 1.5% compared with July last year, which is less than half the 12-month average growth rate.
Market Update - 2nd August 2023.
2nd August 2023
There has been plenty of economic data releases already this week for markets to digest. In the Eurozone, despite remaining higher than the European Central Bank’s target of 2%, the headline figure for the region dropped to 5.3% in July from 5.5% in June.
Market Update – Cash vs Equities Special
28th July 2023
The world has changed immensely over the past three years: the coronavirus outbreak and associated lockdowns resulted in an unprecedented monetary and fiscal response and a temporary supply/demand mismatch which caused inflation to start rising.