29th January 2024

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • Christine Lagarde, European Central Bank president, noted that there were already signs that wage growth within the eurozone was showing signs of slowing. The comments came after the ECB decided to keep interest rates steady at 4 per cent in a widely expected move. The euro declined after the speech from Lagarde while Germany’s two-year bond fell 0.09 per cent as investors saw Lagarde’s comments as a suggestion of an early rate cut.
  • The US economy grew by 3.3 per cent in the final quarter of 2023. The expansion was larger than the 2 per cent initially expected by economists but still lagged behind the 4.9 per cent economy expansion seen in the three months prior. In the whole of 2023, the US economy expanded by 3.1 per cent which made it the world’s fastest-growing advanced economy.
  • The UK government borrowed less than expected in December with public sector borrowing falling to £7.8bn in December. This was almost half of what was borrowed in December and is below the £14bn prediction from the Office for Budget Responsibility. The low figure comes as a boost for chancellor Jeremy Hunt as he plans tax cuts ahead of the expected general election.

Market Pulse

Coming Up


  • US Federal Reserve Interest Rate decision, Wednesday 31st January at 7:00pm.
  • EU CPI data released, Thursday 1st February at 10:00am.
  • UK Bank of England Interest Rate decision, Thursday 1st February at 12:00pm.


For professional advisers only, Copia does not provide financial advice, and the contents of this document should not be taken as such. 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 31/12/2023


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    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.

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