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Caspar Rock: Monday markets - the week ahead on 27 January

The likely spread of the coronavirus continues to preoccupy markets. This week sees central bank meetings, a range of tech and other companies' earnings announcements and an early snapshot of US growth.

27/01/2020
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Authors

Caspar Rock
Chief Investment Officer
  • Central bank meetings take centre stage this week with the US Fed meeting on Wednesday. Little change to policy is expected.
  • On Thursday the Bank of England meets. The market puts a rate cut at a 50:50 probability – but the Bank may opt to keep its powder dry in case trade negotiations with the EU take a sour turn later in the year.
  • Equity markets ended the week lower, impacted by concerns over the spread of the Coronavirus. Safe haven assets performed well.
  • This is an important week for earnings announcements with big tech companies reporting alongside a number of healthcare, energy and industrial multinationals.
  • We also have the first look at US GDP on Thursday, and on Friday  personal income and spending data – good barometer of the state of the US consumer.

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Authors

Caspar Rock
Chief Investment Officer

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Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at IFC1, Esplanade, St Helier, Jersey, JE2 3BX, (No.31076).

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