This week’s key data includes the US Q2 GDP print, a wave of corporate earnings, and Fed developments amid a blackout period, alongside significant global economic updates, including the IMF’s growth forecasts, China’s focus on technology, and unexpectedly high UK services sector inflation.
Investment opportunities are emerging amid a unique macroeconomic backdrop, with U.S. equities leading gains, particularly driven by AI-related companies, and expectations of continued volatility. The focus is on overweight positions in U.S., UK, and Japan stocks, while favoring quality short-term fixed income and private credit investments.
This week’s key events include China’s Third Plenum, the ECB rate decision, US bank earnings, and several significant economic data releases from the US, Eurozone, and UK.. Last week, Fed Chair Powell highlighted progress on inflation but emphasised caution in rate cuts, while China’s economic recovery showed signs of weakness with lower-than-expected inflation and GDP growth.
MeDirect’s townhall for employees delivered an insight into plans to leverage Artificial Intelligence to make the organisation unique.
Developed market central banks, like the Fed and Bank of England, are anticipated to keep interest rates higher for longer due to persistent inflation, following the lead of some emerging market central banks that have paused their rate cuts. Despite recent cuts and high rates, emerging markets face limitations on further rate reductions, influenced by factors such as government policies and global economic conditions.
This week, the economic spotlight shifts to pivotal events including testimonies from US Treasury Secretary Yellen and Fed Chair Powell, as well as critical data releases from China and the US. Amidst ongoing market volatility, investors are keenly watching for policy signals from central bank leaders and assessing the impact of recent geopolitical and economic developments.
Saving early for Christmas can help make the festive season much less stressful and result in better gifts for loved ones.
MeDirect, Malta’s first digital bank, has renewed its sponsorship of Otters ASC, the only waterpolo club in Malta.
The higher-for-longer rate environment has enhanced income opportunities in various bonds, making short-term bonds particularly attractive for long-term investors, with Blackrock favoring European and private credit over U.S. and public options, while preferring equities for risk exposure in overall portfolios.
Economic and political instability does not mean you cannot invest successfully. There are plenty of things you can do to continue to prosper despite the uncertainty.
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