True Potential Morning Markets

Today, Chris Leyland, Director of Investment Strategy, covers the Federal Reserve’s interest rate policy announcement and in particular the Chairman Jerome Powell’s press comments and what that language could be signalling. We also explore the asset market reaction to the announcement.

Today, Kevin Kidney, Head of Asset Allocation, covers the constructive shift in global growth throughout April and the Eurozone performance that saw the strongest growth impulse for 18 months. With falling inflation in the UK and an outperformance versus US equites, there are many reasons to be positive about the UK's economic outlook as well as the performance of multi-asset portfolios which...

Today our portfolio manager, Matt Henderson, discusses the release of the European GDP data, with Spain and France exceeding market expectations. Also China released its latest manufacturing data which indicates expansion and is a stronger reflection of global economic strength as opposed to domestic growth in China.

Today Jeff Casson, Chief Investment Officer, discusses the anticipation of the US Federal Reserve’s statement on interest rate policy, how will this affect asset markets given the recent shift in rhetoric from Chairman Jerome Powell? We also see Apple and Amazon’s quarterly report this week rounding out the magnificent seven and the US unemployment figures.

Our expert Investment Management team discuss this week's corporate earnings updates from the large US Tech companies. Meta, Tesla, Google and Microsoft all reporting interesting results. In addition, the team covers how financial markets reacted to this week's global economic data and US inflation report. The data released lays the foundation for the upcoming central bank meeting in the U...

With many stock prices near all-time highs, corporate guidance appears to be having more influence upon the immediate market reaction, rather than actual earnings. Kevin Kidney, Head of Asset Allocation, looks at two stand out examples from this week in Tesla and Meta and what they reveal about the global corporate profitability cycle.

Manufacturing and services data shows an overall modest but positive economic trajectory for the UK. Paul Durrans, Investment Director, covers highlights from the report and how they may influence the interest rate policy discussions from the Bank of England as demonstrated by the recent comments from Huw Pill and Jonathan Haskel.

George Bell, Investment Director, discusses the services and manufacturing data in Japan and what it could mean for both future developments and broadening economic expansion. Also, we anticipate comments from the Bank of England’s Chief Economist Huw Pill today, and the insight it could provide to the Governor of the Bank of England’s positive perspective on inflation targets from last week.

Last week, stronger than expected economic data continued to reshape expectations on the outlook for interest rates. Moving into this week, Jeff Casson, Chief Investment Officer, discusses the continued volatility in both equities and sovereign bonds throughout April and the release of the US GDP data. Will US economic resilience continue and the data stay on trend for market expectations?

Our Chief Investment Officer Jeff Casson and Portfolio manager George Bell discuss the Federal Reserve's conundrum as they try to bring inflation down to their targets, amidst an economic backdrop of real wage growth and broadening economic growth across multiple sectors. Also a recent pivot on interest rate cut rhetoric from Jerome Powell, Chair of the Federal Reserve, contrasts to Andrew Bai...

Today, our Director of Investment Strategy, Chris Leyland covers the recent market movements in oil prices and the broader geopolitical and socio-economic drivers behind them. We also get a performance overview of asset markets and the impact of bond yields for investors and their returns.

This morning, Investment Director Paul Durrans looks at the UK inflation trends. UK inflation is on a downward trend, but services inflation remains a key focus for the Bank of England and the prospect of interest rate cuts. Also discussed are the latest comments from the Chair of the Federal Reserve who yesterday pulled back from the prospect of interest rate cuts anytime soon in the US.

This morning, we discuss recent UK employment data, outlining that although unemployment has risen to 4.2%, real wage growth has remained positive and this could cause the Bank of England to review interest rates in the coming months. How have markets reacted to the current economy and recent employment data?

Jeff Casson, Chief Investment Officer, addresses the recent geopolitical tensions and how it has affected markets, highlighting the important consideration of how asset markets are dealing with it and reflecting it? In the UK the focus will be jobs, inflation and retail data informing if and when a reduction in interest rates from the Bank of England will take place.

Our expert Investment Management team discuss the strength of US economic activity, its inflation data and the weak inflation report coming out of China. We also cover the European Central Bank’s decision to leave interest rates unchanged and discuss the encouraging economic data from the UK.

Our Investment Director, Paul Durrans, reviews the latest US inflation report, outlining that inflation has risen to 3.5% against the Federal Reserve’s target of 2%. This has been caused by strong consumer demand in the services industry, driving prices higher and boosting growth in the economy. How has rising US inflation and economic growth affected markets overall?

As we look ahead to announcements later this week, data remains strong and points to GDP expansion across all major economies. Our Head of Asset Allocation, Kevin Kidney, explains the remarkably positive forecast for US corporate earnings expectations over the next 3 years and how that sentiment is being shared globally, with equity markets being the primary beneficiary.

The British Retail Consortium have reported the fastest rate of growth since August last year, exceeding the market consensus. Matt Henderson, portfolio manager, explains the contributing economic factors and highlights the easing in the cost of living crisis and UK wage growth, to be contributing factors to the improved figures.

The strength of the US jobs report last week has turned attention to the Federal Reserve and it’s decision on interest rate cuts, with speeches from many FED Board members in the past week, playing down the possibility of a rate cut in the near term. Jeff Casson, Chief Investment Officer, discusses the upcoming US CPI data, the minutes from the Federal Reserve March meeting as well as the upcoming...

Our expert Investment Management team review the US employment figures which are exceeding market expectations, adding over 300,000 jobs to the US economy. They also cover the survey data for service and manufacturing for both the US and China, exploring the shifting dynamics within the Chinese economy and the nuances that come into financial forecasting.

US employment has exceeded expectations for growth with the highest rates of job creation since summer 2023. Jeff Casson, Chief Investment Officer, discusses the acceleration of wage growth in the US for those changing jobs, the ISM services data and the factors that play into the central banks difficulty in determining the trajectory for interest rates.

With downbeat forecasts on growth for China, Europe and UK at the start of the year, the positive revisions we have seen have led to a theme of global synchronised optimism and strong outcomes for portfolios in Q1. Kevin Kidney, Head of Asset Allocation discusses the consequences of such revisions and the divergence of inflation outcomes.

After the release of inflation data points from Europe and the US last Friday, Matt Henderson discusses the persistent disinflation trend seen in Europe and the released PCE data coming from the United States. New data on US manufacturing also shows signs of improvement, ending with Friday's key US employment report.

On today’s Morning Markets, Chris Leyland, Director of Investment Strategy, focuses on the biggest drop to Yen against the Dollar in over 30 years and the reaction of policy makers in Japan. With import prices being driven up and cost of living increasing, there is an expectation of intervention. Also we look ahead to the release of US inflation data this Good Friday.

On today’s episode we look into the first positive readings for UK retail sales in 11 months and what that could mean for economic growth. Portfolio Manager George Bell also talks about the developments in the energy sector, the increase in oil prices and Russia’s orders to cut oil output in order to meet OPEC+ targets.