Week Ending 15/11/2024 – The one place where “higher for longer” is good news…
A quieter week, with the US inflation print the main data...Gareth is joined by Mike Trippitt, Progressive's financials analyst, who tells us that "higher for longer" rates can actually be not a bad thing for banks. Mike highlights that the banking sector did very well as rates rose during 2022 and 2023, and discusses the current outlook.
Progressive clients Zoo Digital, Forterra, Petro Matad all had news - and Mike gives a quick synopsis of Secure Trust Bank's Capital Markets Event from Wednesday.
Next week has a bit more in the way of UK & European data due early in the week, US jobless data, and UK consumer confidence on Friday....so plenty to look forward to, and to provide some direction for markets.
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