Special Update – August Mid Month Update
Following a volatile start to the period, global equity markets rose in the first half of August, with notable gains in particular in the US. Data indicating a slowdown in global demand initially weighed on sentiment, but more positive data helped markets rebound, particularly the slowdown in US consumer and producer price inflation, which also reduced expectations of an aggressive US interest rate increase in September. UK markets rose, despite the Bank of England increasing interest rates by 0.5% to 1.75%, whilst warning of a drawn-out recession.
Market Review – July 2022
July was a much stronger month for developed market equities, with many regional indices posting their biggest monthly gains of 2022. Sentiment was boosted by optimism over a more gradual pace of interest rate rises in the US, as well as the prospect of reductions in 2023 due to slowing global economic growth. However, there were losses for Asian and Global Emerging Markets, with China a notable faller.
Don’t let good habits go to waste
We take a look at how savings increased during the pandemic and share some helpful tips to boost your savings habit.
The impact of raising the State Pension age
The last change in State Pension age (SPA) was phased in between December 2018 and October 2020. We take a look at new research that shows how the most recent increase in State Pension age has hit those affected.