Snapshot - Strategy & economics

Caspar Rock: Monday markets - the week ahead on 23 September

Markets ended last week slightly lower in the wake of the Saudi drone attacks. This week brings UK Supreme Court rulings on Parliament’s prorogation, with potential sterling volatility.

23/09/2019

Caspar Rock

Caspar Rock

Chief Investment Officer

  • Equity markets ended last week slightly lower following the drone attack on Saudi oil facilities, with gold and defensive assets higher.
  • This week is lighter on data, but markets will be watching preliminary September manufacturing confidence figures (PMI).
  • In the UK, we should hear the Supreme Court's ruling on the two cases relating to the prorogation of Parliament, with the possibility of further sterling volatility.
  • A surprise cut in Indian corporation tax has fuelled a rally in  Indian equities.

This article is issued by Cazenove Capital which is part of the Schroder Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Cazenove Capital unless otherwise stated.

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