BUCHAN WEALTH MANAGEMENT LTD

Last week, UK Chancellor Rachel Reeves took the opportunity to take centre stage and deliver her inaugural Budget, before focus turns to the US election this Tuesday. Ultimately, she delivered a range of tax rises in concert with an expansion in government spending. The Budget had little impact on UK equity markets, with the FTSE 100 finishing the week down slightly (0.87%). Hetal Mehta, our Head of Economic Research, noted: “While it was one of the biggest tax-raising Budgets of recent decades it was also one of the biggest fiscal loosening announcements too. The government has got public spending, as a share of GDP, broadly moving sideways rather than declining as per the previous OBR forecasts and boosted investment so that the overall level of longer-term GDP will be 1.4% higher. However, most the uplift comes in the next couple of years. Read more: https://lnkd.in/evi_KA46 #WeekWatch #Election #Budget

Gloomy nights, pumpkins everywhere - yes, it's that time of year again! Ghost stories? Check. Creepy costumes? Absolutely! Nocturnal visits from our favorite 'trick or treat' buddies? Totally!How are you adding your spooky twist to Halloween 2024? 🎃 Get creative at home with decorations and costumes? 👻 Host a super spooky movie night? 😈 Carve scary pumpkins for your balcony, garden or window? #StaySafe #SpookySeason #Halloween

🔍 What Does the New UK Budget Mean for You? With this year’s change of government, this session is more relevant than ever. Join our webinar to navigate the latest changes and understand the impact they could have on your financial future. Post Budget Financial Planning Insights 🗓️ Friday 01 November ⏰12:30 to 13:30 🔗 Register Here: https://lnkd.in/eMmG3UKj ✨ This session will cover: • Economic backdrop & forecasts • Tax changes affecting your finances • Pension updates: Time to adjust? • Smart money moves post-budget • Aligning goals with new realities 💡 Are you ready to navigate these changes? Don't miss this opportunity to get expert insights and practical advice tailored to your needs. Secure your spot today and stay ahead of the curve! The value of your investment can go down as well as up. You could get back less than you invested. #Financialplanning #Budget2024 #Autumnbudget #Pensions Buchan Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives. SJP Approved 27/08/2024

US equities slipped last week as mixed corporate results and anticipation of the upcoming election tempered market sentiment. The S&P 500 had seen several weeks of growth, so a slight reversal was to be expected. This one was relatively mild, with the index dropping by just under 1%. Contributing to this were a few large companies. McDonalds fell 5% in a day after an E. coli case was reported at one of its restaurants (later traced back to a supplier). Apple’s share price also dipped after an analyst said orders for the iPhone 16 were not as strong as expected. Although Apple ended the week down by only 1.5%, its large size meant it had a notable impact on the wider index. Read more: https://lnkd.in/e9sqSZeZ #Budget #Stocks #SandP500

Wishing our Financial Administrator, Calum Clunie, a very happy birthday! #HappyBirthday #TeamBWM #FinancialAdministrator

With the US election just two weeks away, and the UK budget due next week, investors are facing greater uncertainty at the moment. However, this didn’t stop equity markets in either country from rising last week. With the US election just two weeks away, and the UK budget due next week, investors are facing greater uncertainty at the moment. However, this didn’t stop equity markets in either country from rising last week. Read more: https://lnkd.in/eWqnsARk #USElection #Markets #Budget

Both the S&P500 and the Dow Jones Industrial Average hit record highs, and posted 1.1% and 1.2% increases over the five days. This came despite US inflation coming in above expectations at 2.4%, narrowly beating the forecasts of 2.3% for September. That said, it still represented a slight drop on the 2.5% figure recorded in August. Read more: https://lnkd.in/eSrPiztG #SP500 #USInflation

🔍 What Does the New UK Budget Mean for You? With this year’s change of government, this session is more relevant than ever. Join our webinar to navigate the latest changes and understand the impact they could have on your financial future. Post Budget Financial Planning Insights 🗓️ Friday 01 November ⏰12:30 to 13:30 🔗 Register Here: https://lnkd.in/eMmG3UKj ✨ This session will cover: • Economic backdrop & forecasts • Tax changes affecting your finances • Pension updates: Time to adjust? • Smart money moves post-budget • Aligning goals with new realities 💡 Are you ready to navigate these changes? Don't miss this opportunity to get expert insights and practical advice tailored to your needs. Secure your spot today and stay ahead of the curve! The value of your investment can go down as well as up. You could get back less than you invested. #Financialplanning #Budget2024 #Autumnbudget #Pensions Buchan Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives. SJP Approved 27/08/2024

After a tough few months for the Chinese market, last week’s stimulus news provided a welcome lift. #Chinese #Market

Since it was opened up and reformed in the late 1970s, China’s economy has grown at an average rate of 9% a year. Not this year. Facing strong disinflationary pressures, a severe property downturn and frail consumer confidence, China risks missing its own annual growth target of around 5%. So, as the week began, markets reacted enthusiastically to the People’s Bank of China unveiling a major package of aggressive measures designed to stimulate the economy. Read more: https://lnkd.in/e7ZyK-xr #Economy #China