9th October 2023

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • The US announced that 336,000 new jobs were added in September which was far more than the 170,000 jobs that were expected. Bonds sold off after the data was released as it became clear to investors that interest rates would have to stay higher for longer to battle inflation. Bonds recovered slightly on Friday from their initial sell-off but yields, which rise when bond prices fall, remained near their ten-year high.
  • UK challenger bank, Metro Bank, has struck a deal to raise new funds after shares slumped last week over news that the bank had to raise more money to shore up its finances. The bank has raised £325m in new funding as well as £600m through a new debt refinancing. While shares rebounded in early Monday morning trading, they are still down 49% since last month.
  • UK house prices dropped in September for the sixth consecutive month as high mortgage rates continue to impact the housing market. The average UK house price was down 0.4 per cent between August and September and are currently 4.7 per cent lower than the same time last year.

Market Pulse

Coming Up

  • UK GDP August MoM data released, 12th of October, 7:00am.
  • US September CPI data released, 12th of October, 1:30pm.
  • US Initial Jobless Claims data released, 12th of October, 1:30pm.


The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel

Risk Barometer


as at latest realignment 30/09/2023


    Subscribe to our blog and get our best content in your inbox.

    Copia Capital Management

    Hamilton House, 1 Temple Avenue, London, EC4Y 0HA

    Understanding the risks

    This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.

    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

    © 2021 - 2023 Copia Capital

    Advisers, staff of professional firms and other eligible counterparties

    I work for an advisory / professional firm or other eligible counterparty.

    I will take responsibility for any jurisdictional restrictions that apply to the services described by this website in accordance with applicable law and regulation.

    I have read and accept that Cookies are used on this website.  I understand that a Cookie will show that I have accepted the terms to access this website.

    Customers and prospective customers

    I confirm that I am resident in the UK or other EU Country and I am not a US citizen.

    I have read and accept that Cookies are used on this website.  I understand that a Cookie will show that I have accepted the terms to access this website.

    The content of this website may only be viewed by persons that meet either of the above conditions.  If neither option is applicable please click here which will close this webpage.