Market Prognosis

A concise summary of the major macro events of the past 24 hours, and selected UK company-specific news.

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January 15, 2024

Davos – luxury beliefs & surroundings

Macro & Overnight

Oil prices have eased off following its modest spike on last week’s military actions in the Red Sea.

Bond yields, the Dollar and most other macro measures remain steady.

This week sees inflation data from the UK and Germany and GDP data from China and Germany. In addition, we get UK employment and wage data. Later in the week, we get Japan inflation and UK retail sales data.

This week, the elite gather in Davos to discuss their luxury beliefs in luxury surroundings. You have been warned.

UK Company News

It is a quiet day for UK company news.

Geospatial technology provider IQGeo updated that it expects to report a 66% increase in revenue and a nearly 240% increase in profits for the year just finished. Its robust order book indicates further strong growth in revenue and margin for 2024.

Filtronic announced a further contract win, this time with QintetiQ.

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Any prices quoted in our research are as at the previous day’s close.