The infoshot to help kick-start your week
Last Week
- UK consumer confidence has hit a record low, as soaring living costs and bleak short term economic prospects leave consumers reeling. The GfK consumer confidence barometer to be exact, is now at its lowest level since records began in 1974.
- The US has announced they will begin formal trade negotiations with Taiwan, coming weeks after a controversial visit by US House Speaker Nancy Pelosi. The discussions are set to begin in early Autumn, with initial talks set to cover trade facilitation, digital trade and anti-corruption standards.
- UK inflation has pushed into double digits for the first time since 1982. Inflation hit 10.1% YoY in July, says the ONS. The biggest drivers in July were believed to be the soaring costs of both food and non-alcoholic drinks, with other staple goods also contributing substantially.
Market Pulse
Coming Up
- ECB Publishes Account of Monetary Policy Meeting August 25th.
- US GDP Growth (QoQ Q2) figures released August 25th, predicted to remain negative at -0.8%, from -1.6% previously.
Notice:
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel
