Good morning and welcome to the Week Ahead at the start of a slightly quieter (and hopefully less bruising) week for private investors.
The first cut in interest rate from the Bank of England since 2020 (to 5% on Thursday) wasn’t enough to ease international investors’ concerns about the state of the US economy. Last week we saw disappointing jobs data, which sparked mutterings that the US Federal Reserve has left it too late to cut interest rates. As earnings season starts to come to an end, investors have started selling.
The Samp;P500 closed the week down more than 2%, with the FTSE All Share down 1.5%.
There is still a strong handful of financial results on both sides of the pond to take a look at this morning (see table for the full calendar). The pharmaceutical sector (always a hot industry in election year) has a few companies announcing numbers, which Megan will look at later. But for now, we’ve taken a look at two British companies which have been on a strong run.
Day UK interim results US quarterly resultsEU quarterly resultsMonday - 5th AugustTyson FoodsCSX...
