Month: October 2025
Market Update: Uneasily positive
Capital markets started last week calmer than they have been, and ended with yet more all-time-highs. However, investors remain uneasily positive. The mid-week saw more wobbles, and this patch of increased volatility could continue – thanks to tariffs, credit troubles and tighter liquidity.
Preparing for the Autumn Budget Statement on 26th November
On 26th November, 2025 Chancellor Rachel Reeves is set to deliver her second budget. The budget arrives to a backdrop of weak economic data, public finances under significant strain and narrow fiscal headroom. The outcome of the new measures are likely to be a pivotal moment for the future of the UK economy.
Market Update: Another Bump in the Road
Global risk assets sagged last week. Initially, stocks bounced a little from last Friday’s US sell-off, after Trump appeared to do a customary TACO turn on Sunday. But, investment portfolios are now closer to where we started October than where there got to Thursday two weeks ago. Thankfully, government bonds prices rose, taking yields (their inverse) down. UK yields fell substantially, helping the government’s budget calculations.
Market Update: Healthy market rumours
Stock markets keep pushing at all-time highs earlier last week, but with less enthusiasm than a few weeks ago. Then, late on Friday, a renewed Trump tariff threat against China’s rare earth export restrictions was enough to immediately send markets down 2%.
Market Update: Market momentum reigns
Global stocks bumped up last week, recovering all of the previous week’s losses and then some. That is despite a US government shutdown that shows no sign of being quickly resolved. Previous funding gaps have hurt the world’s largest economy, but markets are choosing to ignore the noise. With politics no longer driving markets, corporate profits will almost certainly take the wheel.