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Business Secretary warns of potential £20bn hit from a US-EU trade war

Walker Crips' Market Commentary

26-11-2024 • 7 mins

Last week, the Bank of England (“BoE”) emphasised the labour market's critical role in shaping monetary policy. Policymakers stressed the importance of early 2024 labour market data amidst uncertainty of the budget's potential impacts on wages and employment. Inflation rose in October, with headline Consumer Price Index (“CPI”) at 2.3% and core inflation at 3.3%, driven by higher energy costs. Meanwhile, rental inflation rebounded, and retail sales slumped amid budget concerns. Flash Purchasing Managers’ Index (“PMI”) indicated the first contraction in output since 2023, as cost pressures and weak business optimism weighed. Consumer confidence dipped slightly in November, reflecting ongoing concerns about economic prospects despite resilient pay growth and employment levels.


Stocks featured:

CMC Markets, Games Workshop and Ithaca Energy



To find out more about the investment management services offered by Walker Crips, please visit our website:

https://www.walkercrips.co.uk/


This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange.


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