Weekly Commentary and Stock Recommendation: 17th September – 20th September 2024

Earlier this week, the Office of National Statistics (ONS) released Consumer Price Index (CPI) for August 2024. The Headline CPI rose by 2.2% YoY in August 2024, unchanged from July 2024. On a MoM basis, CPI rose by 0.3% in August 2024, the same rate as in August 2023.
Weekly Commentary and Stock Recommendation: 9th September – 13th September 2024

Earlier this week, according to the Chinese National Bureau of Statistics, China’s Consumer Price Index (CPI) rose by 0.6% YoY in August 2024 after reporting a 0.5% YoY growth in July 2024.
Weekly Commentary and Stock Recommendation: 2nd September – 6th September 2024

Global Economy Earlier this week, according to a private sector survey, the Caixin/S&P Global manufacturing Purchasing Manager Index (PMI) rose to 50.4 points in August 2024 from 49.8 points the previous month, more positive than the recent official PMI survey showing manufacturing activity extended declines in August 2024. According to the survey, which mostly covers […]
Weekly Commentary and Stock Recommendation: 26th August – 30th August 2024

Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) issued a revised GDP estimate for Q2:2024. According to the BEA, real GDP increased at an annual rate of 3.0% in Q2:2024, according to the second estimate (compared to 1.40% YoY in Q1:2024). Compared to the first quarter, the growth in real GDP […]
Weekly Commentary and Stock Recommendation: 19th August – 23rd August 2024

Global Economy Earlier this week, S&P Global released a series of Purchasing Managers’ Index (PMI) reports for the US, UK and Eurozone. The headline S&P Global Flash US PMI Composite Output Index edged down from 54.3 points in July 2024 to a four-month low of 54.1 points in August 2024. Output has now risen continually […]
Weekly Commentary and Stock Recommendation: 22nd July – 26th July 2024

Global Economy Earlier this week, S&P Global published a series of Purchasing Manager Index (PMI) data for key global economies. The seasonally adjusted HCOB Flash Eurozone Composite PMI Output Index decreased to 50.1 in July 2024 from 50.9 in June 2024, hovering just above the no-change mark and indicating near-stagnation in private sector activity. Although […]
Weekly Commentary and Stock Recommendation: 15th July – 19th July 2024

Global Economy According to the Office of National Statistics, the UK’s Consumer Prices Index (CPI) rose by 2.0% YoY in June 2024, unchanged from May 2024. On a MoM basis, CPI rose by 0.1% in June 2024, the same rate as in June 2023. Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.5% […]
Weekly Commentary and Stock Recommendation: 8th April – 12th April 2024

Global Economy Earlier this week, the Governing Council of the European Central Bank (ECB) decided to keep its monetary policy rates unchanged. While overall inflation levels have been tapering, the ECB observed that domestic price pressures remain unabated, keeping services inflation elevated. Consequently, the interest rate on the main refinancing operations, the interest rates on […]
Weekly Commentary and Stock Recommendation: 2nd April – 5th April 2024

Global Economy Earlier this week, we saw data from China detailing that services activity growth in the country accelerated in March 2024 as new business rose at the fastest pace in three months, a sign outlook was staging an imminent recovery in the world’s second-largest economy. The Caixin/S&P Global services purchasing managers’ index (PMI) rose […]
Weekly Commentary and Stock Recommendation: 25th March – 28th March 2024

Global Economy Earlier this week, the US Bureau of Economic Analysis (BEA) released its third estimate of the US Q4:2023 and 2023FY GDP. According to the BEA, Real gross domestic product (GDP) increased by 3.4% YoY in Q4:2023 (vs 4.9% YoY in Q3:2023). Compared to Q3:2023, the deceleration in real GDP in Q4:2023 primarily reflected […]