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ECB’s Lagarde makes rate cut history Rate cuts at last. The ECB delivered a 25 basis point cut last week, as expected, and markets got excited about easier monetary policy again. ECB president Lagarde spoke about “dialling back” now that inflation is...

Markets Consolidate Global stocks were slightly down last week, but with no obvious trigger. It felt like consolidation through month-end rebalancing, after many stock markets hit all-time highs in May. In that respect, the week’s action was reassuring: previous returns solidified, and...

Nvidia versus the Fed Having had recovered to previous highs, markets were mostly flat to slightly down overall this week. Despite the surprise election call dominating our headlines, global markets were preoccupied with Nvidia’s corporate earnings and the US Federal Reserve meeting...

Pluses and minuses Global stocks edged higher last week, led by the US. The S&P 500’s slight gain was enough to push it to all-time highs, making a fairly average week seem like a great one. US equities were propelled by April’s...

A blooming May for the UK Markets had a bright week, thanks to weaker US job market data and hints that the Federal Reserve might cut rates. US consumer sentiment seems to be wavering thanks to higher inflation, but the Fed thinks...