True Potential Morning Markets

Joe Forward and Anna Sewell, Investment Analysts, discuss the Federal Reserve’s road to further interest rate cuts in the US, the UK’s recent GDP print, and the first reports from earnings season.

Kevin Kidney, Head of Investments, discusses what is driving stock markets, the complexity US jobs market data presents, as well as a look ahead to US inflation data and the UK’s GDP print for November.

Paul Durrans and George Bell, Investment Directors, discuss the strong start to global equities in the first week of the year, the surge in US productivity and why US interest rate cuts near-term are unlikely.

Kevin Kidney, Head of Investments, discusses disinflation trends across major markets, US jobs growth figures and interest rate trajectories, as well as the return to normality for US data after the disruption of the government shutdown.

Kevin Kidney, Head of Investments, is joined by Investment Directors, Paul Durrans and George Bell to reflect on on the True Potential Portfolios, markets and the UK economy in 2025.

Matt Henderson, Portfolio Manager, discusses upcoming Central Bank meetings, the market expectations for the direction of their policy heading into 2026, and the backdrops each bank operates against.

Matt Henderson, Portfolio Manager, and Joe Forward, Investment Analyst, discuss the Federal Reserve's decision to cut interest rates by 0.25% and the market reaction to the decision. We also get context comments from Fed Chairman Powell for the trajectory of the US economy.

Paul Durrans, Investment Director, discusses the market expectations of a -0.25% cut to interest rates from the Federal Reserve on Wednesday. In the UK, the focus will be October’s GDP data, and after September’s contraction we may see a slight improvement. Elsewhere, Oracle's earnings results will give further insights into how they are delivering on data centre buildouts and what this means...

Portfolio Managers, George Bell and Matt Henderson, discuss the key Central bank meetings in the lead up to Christmas and the pathway expected for interest rates, drawing out key areas of divergence.

As the UK budget ripples remain minor, we turn our attention to the US. With late inflation data thanks to the government shutdown and political pressure ahead of midterms, what does this mean for markets? Our Head of Investments, Kevin Kidney, breaks down the key data and what to watch out for this week.

Kevin Kidney, Head of Investments, and Sebastian Mackay, Investment Director, discuss recovering equity markets and returning economic certainty with the UK budget published and US government re-opened. Expectations are for inflation to be a major focus for the UK and US moving in to 2026 as it’s election year in both countries.

Paul Durrans, Investment Director, explores the how AI-related technology stocks are influencing equity market volatility. In the US, a softening jobs market is increasing the likelihood of a Federal Reserve interest rate cut in December or January, while economic growth remains solid at an estimated 4%. The spotlight turns to the UK on Wednesday as Chancellor Reeves delivers the Autumn Budget, ou...

Matt Henderson, Portfolio Manager, and Sam Elliot, Investment Analyst, discuss the recent fall in global equity markets and the contributing factors, providing context on longer term performance . They also cover the US jobs data which saw 120,000 jobs added, doubling market expectations, and presenting a potential challenge to interest rate cut expectations in December.

Paul Durrans, Investment Director, discusses the UK governments decision to make a U-turn on income tax increases. UK markets took the news negatively and with the Autumn budget less than two weeks away, the pressure is on Prime Minister Kier Starmer.

Kevin Kidney, Head of Investments, and Paul Durrans, Investment Director, discuss the direction of the UK economy ahead of the UK budget at the end of November. Elsewhere, the US government shutdown has ended and the cost will begin to become apparent next month as US statistics agencies resume publishing data.

Paul Durrans, Investment Director, discusses the new developments in the ongoing US government shutdown and how that has affected markets, as well as the remaining challenges ahead before it can end. There will also be updates from the Federal Reserve later this week which is facing difficulties on it’s interest rate trajectory due to the lack of tier one US data.

Paul Durrans, Investment Director, and Lexi Herriott, Investment Analyst, discuss the motivations behind the Bank of England's decision to hold interest rates at 4%. The team also cover the strong US corporate profits as well as the health of the jobs market.

Paul Durrans, Investment Director, discusses US equities, which have reached another all-time high last week following the trade agreement between the US & China and Q3 earnings reports that have exceeded expectations. This week the focus will shift to the UK and the latest interest rate decision from the Bank of England, with the market consensus for it to remain unchanged at 4%.

Kevin Kidney, Head of Investments, and Sam Elliot, Investment Analyst, focus back on the US and the Federal Reserve’s decision to cut interest rates by 0.25%, taking it below 4% for the first time since late 2022.

Sebastian Mackay, Investment Director, discusses the recovery in global equities, US inflation data and the progress in the US-China trade deal. We also hear about the reasoning behind the 5% drop in gold prices seen last week, and performance of the UK gilt market.

Kevin Kidney, Head of Investments, and Anna Sewell, Investment Analyst, discuss the latest UK borrowing and inflation data and what that means for the Bank of England's future interest rate cuts.

Sebastian Mackay, Investment Director, discusses the ongoing back and forth between the US and China on trade, concerns about US tech valuations and their effect on investor sentiment. The US government shutdown is still in effect, delaying official data releases but Q3 company earnings releases are so far encouraging

Paul Durrans, Investment Director, and Lexi Herriott, Investment Analyst, discuss the latest UK economic data, some key comments from Rachel Reeves this week, and why gilts have rallied in response.

Matt Henderson, Portfolio Manager, discusses the asset market volatility seen at the end of last week, due to rising tensions between the US and China over trade agreements on rare earth minerals. Matt also covers the market expectations as we move into US earnings season.

Kevin Kidney, Head of Investments, and Paul Durrans, Investment Director, discuss the US government's shutdown and how this has affected the Federal Reserve’s interest rate cut considerations. With little sign that the government will reopen soon, equity investors are turning their attention to the forthcoming Q3 earnings season.