The wait is finally over. It has been decades since a government’s budget statement has been so anticipated, let alone so pessimistically anticipated given all the doom and gloom that has emanated from numbers 10 & 11 Downing Street and endless debates on individual fiscal measures.
The phrase on investors’ lips this week is of course the Autumn Budget that is due to be delivered by Chancellor Rachel Reeves today at 12:30pm.
This week has been relatively quiet on the economic front, as markets shift their attention to the upcoming U.S. election, now just two weeks away.
Scams Awareness Week will be taking place between 21-27 October 2024. Research from WEALTH at work found that 12% of UK adults have admitted to losing money to a financial scam in the last year.
So far, it’s been a mixed week for markets as investors digest Q3 corporate earnings and economic data.
Stocks have exhibited mixed performance thus far this week. Chinese stocks have been on quite the rollercoaster.
On Tuesday, the Eurozone’s headline inflation rate came in for the month of September at 1.8%, below the European Central Bank’s (ECB) target of 2%. Core inflation, which strips out volatile elements like food and fuel, also slowed to 2.7%, down from 2.8% in August.
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