ZGBR News and Press, SPDR Solactive United Kingdom ETF From 09/03/22

Summary The JPMorgan Global Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell from 51.1 in July to 50.3 in August, its lowest since June 2020. Output only rose in ten of the 30 economies for which data are available, and in five of those - including mainla...

Summary Several preliminary August PMI readings were recently released around the globe, including in the U.S., the UK and the eurozone. Together, these surveys suggest a broad slowing in global economic conditions in both the manufacturing and services sectors. Chair Jerome P...

Summary Policymakers have spent weeks trying to convince investors that there was no dovish pivot, to no avail. So it was up to Powell to reinforce the Fed’s commitment to bringing inflation back to target and I think there’s little doubt he did it. In referencin...

Summary UK households may collectively need up to £65bn extra in government support to offset the forthcoming rise in energy bills this winter. That would reduce the risk of a deep recession but would lead to extra Bank of England rate hikes. Markets are right to be think...

Summary Global securities finance revenues reached $6.1bn in the first half of 2022, an increase of 12% YoY. Global ETP lending revenues were $453mn for H1, continuing to set new all-time highs, representing a 48% YoY increase. 2022 is off to an impressive start for Securities...

Summary Two shocks pushed the economy off course in the second quarter - Russia's invasion of Ukraine on 24 February and COVID-19 lockdowns in mainland China. Although real GDP decreased slightly in the first two quarters of 2022, do not call it a recession! With global demand...

The main economic report of the week ahead will be the preliminary estimate of the August PMI. The policy implications are not as obvious as they may seem. The UK's composite PMI fell in three of the four months through July. However, at 52.1, it remains above the boom/bust level, tho...

Assessing the main issues behind recent market performance. What to expect at the Jackson Hole symposium. Economic growth slows in China. On the latest edition of Market Week in Review, Director of Client Investment Strategies, Mark Eibel, and Sophie Antal-Gilbert, Head ...

Jackson Hole has been heavily discussed since the Fed’s supposed “dovish pivot” last month when it adopted a more data-dependent stance. While policymakers have pushed back against the idea of a pivot, markets have continued to price in a slower path of tightening...

Inflationary pressures have eased in recent months thanks to reduced supply-chain frictions and the commodity market coming off the boil. Slower input cost inflation reflected an easing of pressures among both manufacturers and service providers. With staff shortages continuing gl...