Omnis Weekly Market Update  

Market returns were generally strong over the week as stocks in the US and Japan reached new highs. Gains in some markets were capped however as central banks reiterated their intentions to be careful over interest rate cuts, suggesting that they may keep interest rates higher for longer to avoid a rebound in inflation.

Last week’s performance – major stock markets 

Here’s a review of how some of the key events from the past twelve months have impacted markets.

1. Feb-23: Global markets fell after higher-than-expected US inflation fuelled fears that the Federal Reserve will need to raise interest rates further. The UK narrowly avoided recession at the end of 2022 and UK inflation fell for the third month in a row.
2. Mar-23: Turmoil in the banking sector sent shivers across global markets with regulators intervening swiftly. China sets its growth target for the year, the lowest in more than three decades....

Key dates for your finances in 2024

To make sure you’re fully prepared for the financial year ahead we’ve summarised the key financial dates to put in your diaries:

January

• 31^st – Self-Assessment Tax Deadline – You need to pay and submit your self-assessment tax return for the tax year ending 5^th April 2023.

February

• 1^st – First MPC Meeting of the year – The first interest rate announcement of the year for the Monetary Policy Committee to decide whether interest rates should be altered.

March

• Spring Budget - An up...

The essentials you need to know about credit checks before borrowing money

The information a lender finds during a credit check is important – it could affect whether you’re able to borrow money, including through a mortgage, and the interest rate you’re offered. Yet, they can also seem perplexing.

Indeed, a Royal London survey found that a third of Brits had never looked at their credit report.

The good news is that we can help you cut through the jargon, so you feel more confident next time you apply for a loan.

Lenders usually carry...

2024 kicks off with a number of mortgage lenders reducing their rates, easing the monthly payment shock for many people who are due to remortgage soon.

Are you looking to remortgage now? Talk to us and we can discuss all your options and find the right deal for you.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Approved by The Openwork Partnership on 03/01/24.