The Cambridge Weekly – 24th July 2023
The Cambridge Weekly – 24th July 2023
Another inflation driver turns over
Last week’s markets have, yet again, revolved around inflation, wages and profit margins. In the UK, we finally got a little of the good news that has been stoking US markets. Inflation wise, June turns out to have been not so bad. Inflation data showed a notable slowing while retail sales were perky, possibly because we were all ‘pinky’ from the hot weather.
Chinese property developers are on their own
Last week, Chinese media carried stories of new policy action. On Wednesday, there were rumours of mortgage rate changes and property-focused efforts, but the policies were deemed to be small. and had little impact on markets. Indeed though the week, many property developer bonds plumbed new price lows for the year. Broad stock markets bounced on Friday but that was on news of policy support for electric vehicles, another recently beaten-up sector.
This material has been written on behalf of Cambridge Investments Ltd and is for information purposes only and must not be considered as financial advice. We always recommend you seek financial advice before making any financial decision.
Past performance is not a guide to future performance.
The value of your investments can go down as well as up and you may get back less than you originally invested.
Source of financial market data: MorningstarDirect.
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