In this week’s podcast, Michael Brown (Senior Market Strategist from Pepperstone) and I look back at the recent rate cuts from the ECB and Bank of England, and assess the recent fall in yields, new record highs for the DAX and FTSE100 and whether we can see further gains. We also look at this week’s numbers from BP, Barclays and Unilever, as well as looking ahead to next week’s UK CPI and wages numbers as well as looking ahead to the latest full year results from HSBC and Lloyds Banking Group.
Discussions include:
- The stock market’s performance does not always reflect the underlying economy.
- Consumer confidence in the US remains high compared to the UK.
- Recent rate cuts by the Bank of England signal a shift in monetary policy.
- Corporate earnings reports show mixed results, with some companies performing well despite economic challenges.
- The UK housing market shows signs of optimism amidst broader economic gloom.
- BP’s focus on renewables has negatively impacted its share price and profitability.
- HSBC’s potential restructuring reflects ongoing pressures in the banking sector.
- The labour market is showing signs of softening, with rising unemployment rates.
- Retail sales data indicates a cautious consumer spending environment.
- Public sector borrowing figures will be crucial for understanding fiscal policy moving forward.
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
