Tuesday, 17 September 2024
The Mighty Headlines
Economics: UK property prices increase in September
Business: TikTok takes US Government to court
Markets: Shares in Apple fell by nearly 3 per cent on Monday
Foreign Affairs: Taliban suspends polio vaccination
Security and intelligence: Putin orders army to increase in size
Domestic politics: Government appoints Border Security Commander
The Mighty Stats
FTSE = 8,278.44 (up 0.065 per cent at Monday close)
S&P500 = 5,633.09 (up 0.13 per cent at Monday close)
Nasdaq =17,592.13 (down 0.52 per cent at Monday close)
Nikkei = 36,203.22 (down 1.03 per cent at Tuesday close)
CAC40 = 7,449.44 (down 0.21 per cent at Monday close)
£1 = $1.32 / €1.19 / ¥185.73
US: Trump / Harris = 47.3 / 49.0 per cent
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The Mighty Detail
Economics: UK property prices increased by 0.8 per cent in September or by around £2,974. This means that the average asking price is now £370,759. From the same point last year, the number of new sellers has increased by 27 per cent.
Business: TikTok took the United States Government to court yesterday. The video-sharing app is taking the US Government to court over a law which requires it to separate itself from ByteDance, its China-based parent company. The US Government sees the connection as a threat to national security.
Markets: Shares in Apple fell by nearly 3 per cent on Monday. This follows concerns about lower-than-expected demand for the new iPhone 16 Pro and Pro Max models. Shipping times – an indicator of demand for a product – stand at 14 days on average for the iPhone 16 Pro. This compares with 24 days for the iPhone 15 Pro last year.
Foreign Affairs: The Taliban has suspended a vaccination campaign against polio which was due to begin this month. No reason has yet been given. Afghanistan and Pakistan are the two countries in which polio has not yet been eradicated.
Security and intelligence: President Putin has ordered the Russian army to increase the number of its soldiers by 180,000 to 2.38 million. Of these, 1.5 million will be active service personnel. This would make the Russian armed forces the second largest in the world after China.
Domestic politics: The Government has appointed Martin Hewitt as the new Border Security Commander. Hewitt was previously chair of the National Police Chiefs’ Council. The appointment was announced as the Prime Minister spoke to the Italian Prime Minister yesterday about her approach to immigration which has led to a 60 per cent drop in arrivals to Italy by sea since 2023.
The Mighty Calendar
What’s happening today?
o Sir Ed Davey gives closing speech at Liberal Democrat Party Conference
o Foreign Secretary and Energy Security Secretary give speeches on climate change
o Trade Minister visits Oman
o New session of the Welsh Senedd begins
o United States retail sales data (August)
o United States industrial production data (August)
o Canada CPI inflation data (August)
o Japan trade data (August)
Lookahead to tomorrow
o Hong Kong public holiday
o UK inflation data (August)
o Eurozone inflation data (August)
o United States housing starts data (August)
o New Zealand GDP data (Q2 2024)
o South Korea trade data (August)
The Mighty Finale
🌤️Weather today
Another sunny and dry day in London. High of 21oC and low of 13oC. Same weather for Belfast and Edinburgh. Beautiful!
✏️Life coaching quote of the day
“We must all suffer from one of two pains: the pain of discipline or the pain of regret. The difference is discipline weighs ounces while regret weighs tons.” – Jim Rohn, motivational speaker
Mighty takeaway: Don’t have regrets. A little bit of commitment every day to your project or goals – even just 30 minutes – will pay dividends in the future.
That’s it for today. If you like what you read or don’t like it at all, let us know. And do pass this newsletter on to someone who might find it useful.
Adios!
The Mighty Memo team
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