In another packed episode, Michael Brown (Senior Market Strategist from Pepperstone) and I look back at the recent decision to cut rates by the Bank of England against a backdrop of a UK economy that grew 0.7% in Q1, and whether this is as good as it gets. We also look back at recent earnings numbers from Apple, Amazon, Next PLC, IAG and Burberry, as well as looking ahead to next week’s UK inflation numbers, and results from Marks & Spencer and easyJet.
Key talking points
- The recent suspension of tariffs between the US and China raises questions about the future of trade relations.
- Market reactions to trade deals can be skeptical despite positive stock performances.
- Central bank decisions, particularly from the Fed and Bank of England, are crucial in shaping economic outlooks.
- UK GDP growth may be misleading due to one-off factors and should be viewed cautiously.
- Corporate earnings from major companies like Apple and Amazon show resilience but face challenges from tariffs.
- The retail sector is experiencing mixed results, with companies like Next performing well while others struggle.
- Airline companies are recovering, but the impact of tariffs remains a concern.
- Luxury brands like Burberry are facing significant challenges in the current market environment.
- Telecom companies like BT and Vodafone are navigating competitive pressures and need to demonstrate viable turnaround plans.
- Marks & Spencer’s recent cyber attack highlights the importance of brand trust and operational stability.
Michael Hewson has over 30 years of experience in the financial markets and brings a wealth of expertise and a passion for stock market analysis to the Good Money Guide podcast. As the former Chief Market Analyst at CMC Markets, Michael led a talented team of in-house analysts, providing daily insights, research, and market commentary to both retail and institutional investors and traders, as well as being regulatory featured on the mainstream financial media worldwide like the BBC and Bloomberg.
Michael is renowned for delivering award-winning forecasts and timely, accurate analysis and was nominated twice in the City AM Award category of “Analyst of the Year” in 2019, and 2021, receiving a high commendation in 2019 for the coverage of Uber and Lyft IPOs and predicting that the Fed would cut rates that year.
Michael is committed to empowering traders and investors. With prestigious MSTA and CFTe credentials, he has been honored by CityAM, the Professional Trader Awards, and FXWeek for his contributions to the industry. His extensive media experience, spanning TV, radio, online, and live events, has made him a respected educator, dedicated to helping audiences make confident, informed decisions.
You can contact Michael on michael@goodmoneyguide.com
