Snapshot - Caspar Rock weekly video

Ahmet Feridun: Monday markets - the week ahead on 21 October

Hopes of any of rapid Brexit progress are fading. More importantly, this week brings manufacturing data for September – as well as 2020 earnings outlooks from a number of bellwether global companies.

21 Oct 2019

Ahmet Feridun

Ahmet Feridun

Manager of Investment Research

  • Stocks ended last week slightly higher, with government bonds continuing their sell-off.
  • This week will see flash Purchasing Managers’ Index (PMI) data for October on Thursday. Investors will be looking for a slight pick-up from September’s extremely weak numbers.
  • We are now in the thick of third quarter earnings season, with a number of bellwether businesses reporting. Outlooks for next year will be scrutinised.
  • On Brexit, the Letwin amendment – aimed to ensure the UK does not leave the EU without a deal – has ended hopes of rapid progress.
  • The reaction from sterling so far this morning says as much: it has started the week broadly unchanged from Friday’s close.

 

Contact Cazenove Capital

To discuss your wealth management requirements, or to find out more about our services and how we can help you, please contact: