Stock markets around the world got off to a positive start in 2023, buoyed by more evidence that inflation is slowing and optimism over China reopening its borders. Global stocks returned 2.7%, led by strong gains in Europe (+7.3%).
Markets ended 2022 on the back foot after central banks warned they will keep hiking interest rates well into this year but inflation reports released last week offered some hope that they will be able to take their feet of the peddle.
Annual inflation in the Eurozone fell faster than expected in December to 9.2% according to the European Statistics agency. It ends a two-month run of double digit inflation, including a record 10.6% in October, and in large part reflects lower energy prices.
TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.