Strong US retail sales vs ECB’s lower growth forecast

European equities rallied yesterday on the prospect of an end to the European Central Bank's tightening cycle even as the growth outlook was downgraded, while US equities rose on strong retail sales figures and Hong Kong equities gained on better-than-expected data from China. Arm's IPO was well received, with the stock rising 25% on its first day of trading; US autoworkers went on strike, affecting a third of the US auto industry; and today's biggest ever options expiration could bring some volatility back to the US equity market. Carsten Menke, Head of Next Generation Research, points out that metal-intensive sectors in China are still struggling. Nicolas Jordan from the CIO office also joins todays show and discusses the investment implications of Europe, the US and China being at very different points in the economic cycle.

00:00 Introduction by Helen Freer (Investment Writing)
00:31 Markets wrap-up by Mike Rauber (Investment Writing)
06:26 Industrial metals update by Carsten Menke (Head of Next Generation Research)
10:27 Latest news from the Investment Committee by Nicolas Jordan (CIO Strategy & Investment Analysis)
13:53 Closing remarks by Helen Freer (Investment Writing)

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