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

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February 4, 2024

Week ending 02/02/24 February – Rate Reductions on Hold but Outlook for UK Small Caps Remains Positive

Rate Reductions on Hold but Outlook for UK Small Caps Remains Positive

Jeremy and Gareth discussed issues in markets last week with the outlook for interest rates, inflation, the UK housing market, emerging banking strains based on commercial real estate lending with echoes of last year's US regional banking crisis, and the Mag Seven reporting season.

In the UK, they talk about STV, specifically its studio business, PE investor Chrysalis being more confident about the prospects of IPO exits for its companies, and IT services supplier FDM demonstrating more signs of stability. 

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This communication is provided for information purposes only, and is not a solicitation or inducement to buy, sell, subscribe, or underwrite securities or units. Investors should seek advice from an Independent Financial Adviser or regulated stockbroker before making any investment decisions. Progressive Equity Research Ltd (“PERL”) does not make investment recommendations.

Opinions contained in this communication represent those of PERL and/or our affiliates at the time of publication and PERL does not undertake to provide updates to any opinions or views expressed. PERL does not hold any positions in the securities mentioned in this communication, however, PERL’s directors, officers, employees, contractors and affiliates may hold a position,  and/or may perform services or solicit business from, any of the companies or related securities mentioned.

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