As Easter is approaching, we are sending our weekly update today, and it is written by Andrew Dunn as Gary is on holiday with his family.
On this week’s agenda:
- Markets hold on to last week’s gains
- Go your own way
- China is moving to protect its technology sector
- The US continues its strong performance
- In other news, the UK is ‘staggeringly cheap’
- Easter eggs getting more expensive
Markets hold on to last week’s gains
Last week was really positive for almost all stock markets, as a result of more talk of inflation and then interest rates moderating. Here in the UK, whilst still challenging for too many people, the price of food inflation (except chocolate) was the lowest in two years. Increased demand for premium branded items was a noticeable trend. Inflation is getting a bit of a familiar story so for now, no more on that other than to say that its continued fall is likely to be positive for real assets.
Probably the best outcome for this week was the consolidation of last week’s gains, being another positive sign with not much profit taking from traders. That is exactly what we have seen with markets trading, so far, pretty much sideways overall on reduced news flow generally. A further positive point is that the recent gains have held over a period of some less good news; the European sweeping new probe into Apple, Meta (Facebook) and Alphabet (Google) and ongoing geo-political issues.
Continues…
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Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.