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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May 17, 2024

Week Ending 17/05/2024 – The US inflation print, the market melt-up & the return of the UK IPO market

Gareth and Jeremy discuss the week's market news, highlighting the lower-than-expected US inflation print. The UK is increasingly in a Goldilocks scenario with the lower US$ and relative strength of the Pound, giving the BoE greater scope to reduce rates next month. There is increasing momentum behind the UK market move.

In UK company news, Raspberry Pi has announced its intention to IPO in London. They discuss Cerillion, Zoo Digital, Vertu Motors, Headlam, and the recent tendency for sharp positive price reactions to company updates where significant short interests are present.

Next week's highlight will likely be the UK's inflation data on Wednesday, which offers something for the bulls and the bears. MoM data will likely show an increased rate, and the YoY print shows a falling rate. 

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