News & Views

Global markets were mixed over the week as investors weighed easing inflation expectations against political and geopolitical uncertainty. UK equities posted modest gains, supported by large-cap stocks, while US markets diverged, with defensive sectors outperforming as technology shares came under renewed pressure. Central banks maintained a cautious, data-dependent stance, and attention now turns to a busy week of economic data that could shape near-term market expectations.

Global markets were mixed over the past week as easing inflation expectations were weighed against ongoing policy uncertainty and geopolitical developments. UK equities moved higher, supported by resilient large-cap stocks, while US markets finished lower amid a more cautious risk tone. Inflation forecasts continued to improve, with the IMF signalling further disinflation, while central bank policy, commodity price volatility and geopolitical developments remained key drivers

Markets remained cautious over the week as investors navigated persistent inflation concerns, mixed economic signals and restrained central bank messaging. UK and US equities moved modestly lower overall, though technology stocks outperformed. Commodities showed a clear split, with precious metals benefiting from safe-haven demand while energy prices stayed subdued. Geopolitical tensions and policy uncertainty continued to shape sentiment as markets look further into 2026.

Markets ended September with diverging performances, as UK equities outpaced global peers while U.S. indices split between industrial strength and tech weakness. Safe-haven demand lifted gold to new records, while oil prices fluctuated on supply headlines. Central bankers struck a cautious tone, with the Bank of England signalling confidence in disinflation and the ECB describing inflation as “reasonably benign.”

Markets held firm last week despite fresh US trade tariff headlines, with the FTSE 100 leading gains. This Weekly Market Review covers the latest UK economic contraction, a record-breaking copper rally, steady inflation expectations, and updates from central banks and global politics. Plus, we look ahead to key inflation data from the US, UK, and EU this week.

Markets paused for a second consecutive week as Middle East tensions escalated. The Dow Jones edged up, while other major indices dipped. Oil surged after Iran’s threat to close the Strait of Hormuz, and the dollar strengthened amid investor caution. In ESG news, Nestlé exceeded sustainability goals for coffee sourcing. All eyes turn to US GDP and inflation data this week.