European smaller companies

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Inflation is falling, interest rates are peaking, and corporate earnings are growing – making small cap valuations attractive.

All eyes on quality defensives

Equity markets have rallied, inflation is falling, interest rates are peaking, and 2024 rate cuts are already priced into markets.

The substitution effect: AI and the labour market

As investors, we need to know how firms will manage the seismic shift that jobs markets will experience due to generative AI over the next few years and decades.

Market Monitor – 8 December 2023

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Global stock markets drifted lower this week as investors await signs from central banks of imminent changes to monetary policy.

Market Monitor – 1 December 2023

Share prices on phone

Global stock markets ended a strong month on a generally positive note as investors continue to hope that central banks will soon be able to start cutting interest rates.

Market Monitor – 24 November 2023

Charts on screen

Global stock markets held on to their recent gains during what by recent standards has been a relatively uneventful week.

Market Monitor – 17 November 2023

Share prices on phone

Global stock markets have extended their November gains after latest data showed welcome falls in inflation on both sides of the Atlantic.

Market Monitor – 10 November 2023

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Global stock markets enjoyed a largely positive week, although optimism was tempered on Thursday by concerns that continued strength in the American labour market could force the Federal Reserve to tighten monetary policy further.

European smaller companies outlook

Valuations are increasingly attractive, supporting the case for renewed outperformance of small cap stocks.

‘Higher for longer’ rates will curb inflation, so quality is the way to go

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Interest rates are at or close to a peak, but will remain higher for longer. Recession in the US remains likely, much more so than in Europe. We think European equities may once again outperform the US.