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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.
Week ending 14th July 2023.
17th July 2023
As shown in the accompanying table, markets experienced gains this week as investors responded positively to further signs of cooling inflation in the US. The prevailing sentiment reflected optimism regarding the economic outlook.
Week ending 7th July 2023.
10th July 2023
This week, US employment data was mixed. Although unemployment was down, the economy added 209,000 new jobs, and this is lower than the 240,000 expected by economists and below that of 309,000 added in May.
Week ending 30th June 2023.
3rd July 2023
As you can see from the accompanying table, markets ended the week higher despite somewhat hawkish comments from central bankers. ECB President Christine Lagarde, along with US Fed Chair Jay Powell and Bank of England Governor Andrew Bailey, warned about the persistence of inflation.
Week ending 23rd June 2023.
26th June 2023
This week, central banks made it clear that the battle against inflation is far from over.
Week ending 16th June 2023.
19th June 2023
As you can see from the accompanying table markets ended the week higher. As widely anticipated the Federal Reserve paused interest rate hikes this week.
Week ending 9th June 2023.
12th June 2023
Markets were surprised by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) this week, as both increased interest rates.