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Market Update – 31st August 2023.

Positive news emerged from China this week. The Chinese government extended tax cuts for foreign nationals, meaning they could enjoy taxable deductions on rent, language training, and children’s education, amongst other things, right through to 2027.

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Market Update – 23rd August 2023.

This week has generally been a quiet one for economic reports. On Monday, data came out that Britain’s labour market is losing its inflationary significance.

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Market Update – 16th August 2023.

Giving the Bank of England something to think about this week, data came in on Tuesday (15 August 2023) revealing that the UK’s labour market is finally showing some signs of softening. Reports highlighted a fall of 66,000 job vacancies in the three months leading up to June

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Market Update – 9th August 2023.

Rainy days in July kept UK shoppers indoors. The British Retail Consortium (BRC) reported that sales rose by 1.5% compared with July last year, which is less than half the 12-month average growth rate.

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Market Update – 2nd August 2023.

There has been plenty of economic data releases already this week for markets to digest. In the Eurozone, despite remaining higher than the European Central Bank’s target of 2%, the headline figure for the region dropped to 5.3% in July from 5.5% in June.

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