3 Min | Snapshot

Caspar Rock: Monday markets - the week ahead on 2 September

  • Expect an eventful week in UK politics following last week’s announcement that Parliament will be prorogued from 9 September until 14 October.
  • In Italy, the Five Star Movement and the Democratic Party agreed to form a coalition and Giuseppe Conte was re-appointed as Prime Minister. The new coalition is likely to be more pro-Europe than the incumbent administration, and Italian government bond yields have dropped as investors welcome these developments.
  • Equity markets rallied last week (perhaps due to less negative chat about the trade situation) with most US indices up nearly 3%.
  • This week will start quietly as US markets are closed today.
  • On Friday the US will release its employment report. The labour market looks in decent shape overall, but employment growth has slowed since the start of 2019.

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