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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Guy Foster, chief strategist, talks us through what the upcoming U.S. midterm elections could mean for investors.
Key Highlights
Oil and geopolitics:
Brent crude pushed back above $103 per barrel as energy prices remain the dominant cross-asset driver, keeping inflation pressure alive in bond markets.
U.S. midterm elections:
Prediction markets give Democrats near-certainty of taking the House of Representatives and a 65% chance of the Senate, signalling legislative gridlock ahead.
Labour market:
Employers are holding onto staff while employees aren’t moving – a signal of job insecurity rather than weakness, which is helpful for the inflation outlook.
