Market Update

  Executive Summary  Markets have become increasingly volatileas geopolitical risk re-emerges as a key driver. • The Iran conflict has triggered a major global energy shock, pushing oil prices sharply higher. • Central banks remain cautious, balancing falling inflation against rising external risks. • Global [...]

Executive Summary · Markets remain driven by interest-rate expectations, with investors increasingly confident that easing cycles will continue in 2026. · Inflation continues to moderate, though progress remains uneven across developed economies. · Global equities advance cautiously, supported by liquidity [...]

Executive Summary · Markets enter 2026 cautiously optimistic, with rate-cut expectations firmly embedded across developed economies. · Central banks signal patience, balancing easing inflation against fragile growth. · Global equities start the year mixed, supported by policy expectations rather than [...]

BUDGET UPDATE 2025 After months of speculation, UK Chancellor Rachel Reeves presented the Autumn Budget on 26 November, unveiling a substantial £26 billion package of tax increases, alongside targeted spending measures. Her aim? To address the UK’s persistent inflation, rising [...]

Executive Summary The International Monetary Fund (IMF) upgraded its global growth forecast to 3.2% for 2025, but warned that the outlook remains fragile. The Bank of England held its base rate at 4.0%, citing sticky inflation and the risk of [...]