The number of people in work in UK fell for a sixth consecutive month in July, down by 8,000. June’s decline was revised from 41,000 to 26,000, as the Office for National Statistics (ONS) warned that payroll numbers should be treated with caution following concerns about the quality of the data.
An August rate cut by the Bank of England (BoE) was always on the cards, but voting was much closer than expected. On Thursday, an unprecedented tie in the voting forced a second vote with policymaker Andrew Taylor (in round one he was the only person calling for a 50-basis point cut) changing his vote to back a 25-basis point cut.
On Tuesday, Japan and the US announced a trade agreement that Trump heralded as the “largest trade deal in history”
In return, Japan will invest $550bn into the US, and according to Trump, the US “will receive 90% of the profits.” The investment is expected to be made via equity and loan support to Japanese business investments in pharmaceuticals, critical minerals and semiconductors…
On Tuesday, Japan and the US announced a trade agreement that Trump heralded as the “largest trade deal in history”
In return, Japan will invest $550bn into the US, and according to Trump, the US “will receive 90% of the profits.” The investment is expected to be made via equity and loan support to Japanese business investments in pharmaceuticals, critical minerals and semiconductors…
As Donald Trump’s friendship with Jeffrey Epstein came back to haunt him and drive a rift between him, prominent MAGA loyalists and his base, the S&P and NASDAQ reached record highs.
Major banks, including JP Morgan, Morgan Stanley, Citigroup, PNC and Bank of America reported better than expected earnings for Q2. The common consensus from the US banks seems to be that corporate clients have moved on from Trump’s tariffs and, according to Morgan Stanley CEO, Ted Pick, “boardrooms appear more accepting of ongoing uncertainty broadly.” Despite US consumer debt currently standing at $17.57tn…
On Thursday, the FTSE-100 hit a record high and had the 9,000-point mark in its sights as traders became optimistic that Trump would reach agreements with trade partners or roll back some of his threatened tariffs.
However, this optimism was steadily crushed over the next few days.
This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.
I work for an advisory / professional firm or other eligible counterparty.
I will take responsibility for any jurisdictional restrictions that apply to the services described by this website in accordance with applicable law and regulation.
I have read and accept that Cookies are used on this website. I understand that a Cookie will show that I have accepted the terms to access this website.
I confirm that I am resident in the UK or other EU Country and I am not a US citizen.
I have read and accept that Cookies are used on this website. I understand that a Cookie will show that I have accepted the terms to access this website.
The content of this website may only be viewed by persons that meet either of the above conditions. If neither option is applicable please click here which will close this webpage.
