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Week Ending 13/12/2024 - The world re-aligns & the FTSE 100 loses Ashtead but gains Games Workshop
Manage episode 455281858 series 3525017
This week, Gareth and Jeremy discuss the new world order emerging ahead of The Donald's arrival. The end of 50 years of the Assad regime in Syria is a win for Turkey and Israel but leaves uncertainty surrounding the country and the region's future direction. China signals that its leadership is prepared to accept a lower yuan to counter the prospect of higher tariffs. However, for markets, it is all about the Trump trade with roaring risk assets on Wall Street. Investors assume that Musk's DOGE project has already caused the deficit to disappear. This looks overly optimistic.
The Labour government is enacting its own version of DOGE-lite in the UK. This week, the prime minister criticised Whitehall for its unacceptable "tepid bath of managed decline."
In the UK market, they discuss updates from housing beneficiaries Van Elle and Springfield Properties.
As Ashtead exits the FTSE 100, having worked its way up from near extinction 30 years ago, Games Workshop appears for the first time. From a single shop in Hammersmith, GAW has become a global content creator, and to mark the occasion, it has agreed a landmark TV and film deal with Amazon.
Alphawave Semi further complicated its relationship with the UK market by launching a convertible bond issue. S&U highlighted the motor finance industry's regulatory and legal issues. At the same time, Close Brothers and others saw large intraday price moves as the courts gave the plaintiffs leave to appeal against the FCA allegations the industry faces. Perhaps we are near the bottom of this story.
Looking ahead, the UK GDP data shows that the growth rate is slowing from 1.6% to 1.3% yearly. Next week, rate decisions will be made in the US, the UK, and Japan. The BoJ probably retains the largest element of surprise.
Brought to you by Progressive Equity.
125 episodes
Manage episode 455281858 series 3525017
This week, Gareth and Jeremy discuss the new world order emerging ahead of The Donald's arrival. The end of 50 years of the Assad regime in Syria is a win for Turkey and Israel but leaves uncertainty surrounding the country and the region's future direction. China signals that its leadership is prepared to accept a lower yuan to counter the prospect of higher tariffs. However, for markets, it is all about the Trump trade with roaring risk assets on Wall Street. Investors assume that Musk's DOGE project has already caused the deficit to disappear. This looks overly optimistic.
The Labour government is enacting its own version of DOGE-lite in the UK. This week, the prime minister criticised Whitehall for its unacceptable "tepid bath of managed decline."
In the UK market, they discuss updates from housing beneficiaries Van Elle and Springfield Properties.
As Ashtead exits the FTSE 100, having worked its way up from near extinction 30 years ago, Games Workshop appears for the first time. From a single shop in Hammersmith, GAW has become a global content creator, and to mark the occasion, it has agreed a landmark TV and film deal with Amazon.
Alphawave Semi further complicated its relationship with the UK market by launching a convertible bond issue. S&U highlighted the motor finance industry's regulatory and legal issues. At the same time, Close Brothers and others saw large intraday price moves as the courts gave the plaintiffs leave to appeal against the FCA allegations the industry faces. Perhaps we are near the bottom of this story.
Looking ahead, the UK GDP data shows that the growth rate is slowing from 1.6% to 1.3% yearly. Next week, rate decisions will be made in the US, the UK, and Japan. The BoJ probably retains the largest element of surprise.
Brought to you by Progressive Equity.
125 episodes
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