In this episode, Michael Brown (Senior Market Strategist at Pepperstone, who kindly sponsored this podcast) and I look back at this week’s central bank rate cuts from the European Central Bank, Canada and Swiss National Banks. Companies delisting from the London Stock Exchange, as well as discuss the broader UK economy and the surprise contraction in October. We then look ahead to next week’s UK economic data and preview the upcoming US and UK rate decisions, as well as what to expect, as we look ahead to the latest results from FedEx and Nike.
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Watch on Youtube
Summaries
- The UK economy has contracted for two consecutive months, indicating potential challenges ahead.
- Media coverage of economic issues can be inconsistent, often influenced by political narratives.
- Corporate relocations from the UK market raise concerns about the attractiveness of London as a financial hub.
- Upcoming economic data releases will be crucial in assessing the post-budget economic landscape.
- Consumer sentiment is showing signs of weakness, particularly in the retail sector.
- The tech sector continues to show strong earnings, but competition may impact future margins.
- Diverse opinions within the Bank of England could lead to more balanced monetary policy discussions.
- The PMIs indicate a contraction in economic activity, particularly in the manufacturing sector.
- Understanding central bank projections is essential for anticipating market movements.
- The performance of logistics companies can serve as a bellwether for overall economic health.
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
