Markets in a Minute is a monthly update produced by RBC Brewin Dolphin, providing a concise overview of key market developments and the themes shaping the current investment environment.
Guinness Global Investors uses RBC Brewin Dolphin as an investment adviser for the Multi Asset Fund range
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Key Highlights
AI trade:
The semiconductor index fell by 10% as Broadcom’s chief executive questioned AI investment returns.
U.S. inflation:
Core CPI overshot for a second month, driven by the owners’ equivalent rent category.
UK interest rates:
Markets are pricing in one rate hike before the end of the year and three more in 2027, which strikes us as aggressive.
