Monday Digest
Fed spoils the Christmas partyInvestors weren’t expecting the Federal Reserve’s hawkish forward guidance adjustment (fewer interest rate cuts to be expected in 2025) and sold off sharply on the news. That is a big change from last year’s unstoppable ‘Santa Rally’, but...
Monday Digest
The Tatton Outlook 2025 – Overview Donald Trump is the ‘known unknown’ for 2025, and the range of possible market outcomes is wide. Markets are predicting US outperformance, thanks to pro-growth domestic policies and anti-global trade policies. Economists are less certain. ‘America...
Monday Digest
Focus turns to Europe Global equity markets gained about 1% but, despite Europe’s political turbulence, both French and German equity markets are beating most of the rest; Sterling has gained against most currencies. Bonds marked time ahead of central bank rate decisions...
Monday Digest
Equities and bonds go separate ways Markets tend to be quiet on the USA’s thanksgiving but, beforehand, trading was a little frenetic last week. French politics hurt its stocks, while Trump tariffs hurt emerging markets. Japanese stocks were volatile – and moved...