))
Week ending 28/06/24 - Companies Expect H2 Consumer Recovery
Manage episode 426173694 series 3525017
Content provided by Progressive Equity Research Ltd and Progressive Equity Research. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Progressive Equity Research Ltd and Progressive Equity Research or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Gareth and Jeremy discuss the week's macro and UK market news before looking ahead to next week.
The headlines remain dominated by politics with more than one election every week during 2024.
The UK election outcome is largely known, but there is more uncertainty elsewhere.
We have seen a return of Yen weakness, which highlights the high level of Japanese government debt and very low bond yields. This could potentially have negative consequences for other financial markets, specifically the US treasury market.
UK companies discussed include Sanderson Design, Vertu Motors, Gear4Music, Watches of Switzerland, Warpaint, Revolution Beauty, AO World, and Marks Electrical, which all updated investors this week. The plight of the UK consumer has been uncertain, but there are increasing signs of a better H2. At least they are saying that their results will be more H2-weighted than usual.
Next week, there are elections in France (Sunday) and the UK (Thursday), but on the economic news, the highlight will be US jobs data, with the main focus on Friday's non-farm payroll data, will they surprise to the downside for once?!
Made possible by Progressive Equity.
96 episodes
Share
