Market Update: August 2024 Overview
U.S. Market Outlook:
The U.S. continues to see a rebound, with hopes for a “soft landing” gaining traction. The Nasdaq led growth as tech stocks like NVIDIA surged. Strong retail sales and stabilising inflation reinforced consumer confidence, though housing activity weakened. Meanwhile, bond yields remain volatile amid mixed economic signals.
European Developments:
European stocks rose on expectations of rate cuts, with the STOXX 600 gaining 2.46%. The UK’s inflation uptick spurred rate speculation, while steady growth in the Eurozone contrasted with Germany’s struggles.
Asia Focus:
Japan’s markets rallied 8.7%, boosted by a weaker yen and growth optimism. Speculation around the Bank of Japan’s policies and political shifts added some uncertainty. In China, equities managed slight gains despite ongoing economic slowdowns, with housing data indicating further declines.
For tailored advice on navigating these market changes, feel free to reach out to Ramsay & White.
Industry Recognised Expertise
Our award winning team stays up-to-date on the latest products, rates, and regulations, so you can be confident that you're getting the best possible advice.
Streamlined Process
We make any property financing stress-free by guiding you every step of the way. We'll work with you to gather the required documentation and will be there to answer any questions you may have throughout the process.
Competitive Rates
As a leading expert in property finance in the UK, we have access to a wide range of mortgage products and lenders. This allows us to offer competitive rates and terms that may not be available to individual borrowers.
Customer Oriented
We understand that every client's needs are unique, which is why we take the time to understand your goals and financial situation, and work with you to find a financing solution that fits your needs.
Continued Support
After completion, we provide continued support to all of our clients, answering any questions you may have and help with any of your future property finance needs.
Speak to an Advisor
Complete the form below and a member of our team will be in touch.