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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June 8, 2024

Week ending 07/06/24 – The UK economy and markets carry on

Gareth and Jeremy discuss the week's market news from a macro perspective, focusing on UK companies and the equity market.

Lower commodity and energy prices and the start of the rate reduction cycle as the ECB lowers rates are included this week.

Politics is having an impact in India and Mexico, and looking into next week, we have the European elections underway this weekend.

Jeremy talks about the British Chamber of Commerce survey of the UK economy and a study from the think tank The UK in a Changing Europe about the unheralded success of the UK among developed nations in the performance of its services sector.   

The UK stock market moves into a leadership position, and the IPO market, led by Raspberry Pi, is notable.

Stocks mentioned: Workspace PLC, STV, CML Microsystems and Springfield Properties.

Next week the macro focus will be on US rates (unchanged) and US inflation (also unchanged).

In the UK we get unemployment and GDP data on Wednesday.

The outlier could be the rate decision from the BoJ on Friday.  


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