What will the UK election mean for investors?
Monthly highlights, June 2024
At long last, the guessing is over and we have a date for the UK election. The outcome will have implications for the UK economy and, potentially, personal taxation, irrespective of the result. As things stand, the possibility of an imminent change of government has not resulted in a market reaction. We will provide you with an update on the election and its implications as soon as possible after 4th July. Please feel free to get in touch if there are any issues you would like to discuss before then.
Further afield, the biggest US technology companies reported strong first quarter earnings, driving the latest move higher in equities. Earnings for the rest of the market have not been quite as impressive, but companies generally sound positive about the outlook. This suggests that corporate profits should continue to be a source of support for equity markets.
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We consider the wider macro-economic and investment backdrop as the country heads to the polls.
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These articles are issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.?
Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.
This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.
All data contained within this document is sourced from Cazenove Capital unless otherwise stated.