Authorised and regulated by the UK’s FCA to provide investment accounts, we are bound by CASS rules to segregate and protect client assets.
From a macroeconomic perspective:
• The US: Some warning signals
Despite tightening in the labour market, inflation remains on the soft side. Personal consumption expenditure, the Federal Reserve’s preferred inflation measure, slowed to 1.4 per cent year-on-year (-0.3pp) in May, once again below the central bank’s 2 per cent target.
• The UK: Source of market uncertainty
The UK economy continues to give off mixed signals, with a weaker consumer sitting uneasily with signs of greater resilience in the economic data.
• The Eurozone: Road to recovery
Euro area growth continues to grow on a broad based level with GDP expanding in all 18 reported countries, including in economies such as Greece and Italy. Spain continues to outperform, growing at 0.8 per cent q/q, followed by a strong print in Germany (0.6 per cent q/q) and below Euro area average growth in France and Italy (0.4 per cent q/q each).