The Market Call

The Market Call gives a periodic summary of major macro events, market themes and selected UK company-specific news.

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November 20, 2023

20 November 2023 – Market Prognosticator – Poor governance costs Microsoft dearly

Poor governance costs Microsoft dearly

In macro news today:
OpenAI - Sam Altman's firing wiped $50bn off Microsoft's market value
Energy prices firmed up but bond yields and the US$ lower
UK - Autumn Fiscal Statement is out on Wednesday
US - FOMC minutes due out tomorrow and durable goods data due on Weds
Argentina - elected a new president Milei who campaigned on closing the centralbank and dollarising the economy

In UK company news:
M&A season continues - #Halfords, #MMAG Music Magpie
Positive updates from Cerillion #CER and McBride #MCB

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