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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 - 26th July 2023.
26th July 2023
PMI services and manufacturing data came in this week for the UK, Eurozone and US. With regards to the UK, manufacturing PMI reflected a decrease in production from a downturn in orders both domestic and foreign.
Market Update - 19th July 2023.
19th July 2023
The news at the start of the week spoke of the noise surrounding China’s latest GDP figure. Reports noted that GDP grew 0.8% in Q2, versus 2.2% in Q1.
Market Update - 12th July 2023.
12th July 2023
Data this week showed signs of a loosening labour market in the UK. From March to May 2023, the UK witnessed a rise in its unemployment rate, reaching 4.0%.
Market Update - 5th July 2023.
5th July 2023
Manufacturing PMI data released on Monday came in lacklustre for both the Eurozone and the UK. In relation to PMI, a figure above 50 indicates an expansion while anything below indicates a contraction.
Market Update - 28th June 2023.
28th June 2023
Even as the economy softens, the European Central Bank (ECB) have not yet declared victory in their battle with inflation that remains ‘too high’, it was revealed on Tuesday at the ECB Forum on Central Banking.
Market Update - 21st June 2023.
21st June 2023
In a further effort to pick up what is thought to be cooling economic momentum, the world’s second largest economy, China, saw two more key lending rates cut on Tuesday