🇬🇧 Britain's looking different

UK inflation was cooler than expected | ARK went fishing in European waters | [Finimize](   TOGETHER WITH   Hi {NAME}, here's what you need to know for September 21st in 2:58 minutes.   📣 Calling all traders. Join IG's Axel Rudolph for [Mastering Technical Analysis For Traders]( next Tuesday, and find out how to optimize your portfolio with some top-notch trading strategies. [Grab your free ticket]( Today's big stories - UK inflation data suggested the economy might be on the mend - Here’s what abrdn is predicting for the global economy – [Read Now]( - ARK made a smart-looking bet on London-based Rize ETF Price And Prejudice [Price And Prejudice] What’s going on here? The UK flouted economists’ assumptions, with inflation flagging in [August](. What does this mean? Inflation-watching isn’t an edge-of-your-seat pastime these days, and the world’s all-too-predictable prices mean that economics enthusiasts only truly light up when a piece of out-of-the-blue data drops. That’s why Wednesday’s British consumer price index reading was such a blessing for macroeconomic anoraks: prices rose by 6.7% in August from the same time last year (or 6.2% stripping out volatile food and energy) – in short, by much less than expected. And sure, that figure’s still higher than it would be in an ideal world, but it’s a massive step in the right direction. Why should I care? Zooming out: Cool Britannia. Up until now, pundits and economic forecasters have taken Old Blighty as a kind of punching bag – bemoaning Britain’s unproductive workforce, political disarray, and Brexit woes. But economic narratives can turn on a dime, so you can expect some chirpier outlooks after this latest inflation reading. After all, the Bank of England was slower than its US counterparts when it came to jacking up interest rates, so it only stands to reason that it’s taken longer for inflation to cool. For markets: Building expectations. If the UK is indeed on the same path as its pal across the pond, then you can expect whisperings about interest rate cuts at some point next year. And you don’t need to be a budding Oppenheimer to work out that lower rates might result in cheaper mortgages – which might, in turn, equal stronger demand for housing. Just take a look at the States: rate-cut hopes have seen a key homebuilding ETF jump more than 30% this year. It’s no surprise, then, that UK builders' stock prices also leaped when these inflation figures emerged. You might also like: [The UK’s cheap. Here’s whether it’s worth buying.]( Copy to share story: [/price-and-prejudice]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Price And Prejudice&utm_campaign=daily-global-21-09-2023&utm_source=email) Analyst Take Here Are The Most (And Least) Likely Paths For The Global Economy [Here Are The Most (And Least) Likely Paths For The Global Economy]( By Paul Allison, Analyst Figuring out what’s most likely to happen with global economies is one of the most [head-scratching parts of investing](. It’s why a lot of people fall into the trap of taking a blanket view of things – either [all positive or all negative, everywhere](. But things [rarely ever]( shake out that way. That’s why I like what [Scotland-based investment house abrdn]( does: its economists put together a collection of possible outcomes and assign a probability to each. That’s today’s Insight: [abrdn’s leading scenarios for the global economy and what they might mean for you.]( [Read or listen to the Insight here]( SPONSORED BY IG Become a technical analysis whizz When you’re evaluating investments, technical analysis (TA) can be quite a useful tool to have. It uses past events to predict future price movements – but as the name suggests, TA is quite technical. So you might jump at the chance to [learn from one of the best](: IG's Axel Rudolph, a [multi-award-winning technical analyst](, is sitting down with Finimize for an [exclusive webinar](. And you’re invited, of course. Axel will cover real-world TA applications (and how to replicate them), risk management techniques to minimize losses, and backtesting approaches to refine your strategies. So [join us at the webinar](, and you might just walk out a TA master yourself. DisclaimerYour capital is at risk. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. [Find Out More]( When you support our sponsors, you support us. Thanks for that. ARK’s Odyssey [ARK’s Odyssey] What’s going on here? ARK Invest is casting its net across the Atlantic, snagging European counterpart [Rize ETF](. What does this mean? Cathie Wood, ARK’s captain, has always sailed a steady course: even during the 2022 tempest, she held firm to the belief that the tech tide was just beginning to rise – and judging by 2023’s AI-driven market surge, she wasn’t wrong. But it’s not all been positive: a few navigational errors in recent years have thinned out ARK’s asset treasure chest massively, so the purchase of Rize might just be the compass the firm needs. At the very least, it’s a savvy strategy to replenish the assets ARK’s managing. Why should I care? Zooming in: Missing the tide. On the face of it, ARK’s flagship Innovation ETF has grown by a respectable 36% this year. But when you realize it’s still anchored 70% below its 2021 peak and trails the Nasdaq 100’s 39% rise, it’s clear the firm’s hit some rough seas. And the fact of the matter is that ARK’s stockpickers have come up short. Case in point: offloading Nvidia earlier in the year, and missing its meteoric ascent. Given that the stock would have been perfect for a tech fund focused on long-term investments, that’s not just a misstep: it’s walking the plank. Zooming out: European catch-up. Performance aside, ARK’s visionary calls have been on the money, and this move into Europe looks particularly savvy. After all, ETFs currently make up just 8% of European investments, according to ETF giant iShares, compared to 12% in the US. Plus, the US tech sector, now a colossal 30% or so of the S&P 500, was a mere 10% ten years ago – and Europe could be on the cusp of something similar. You might also like: [SPDR has a new dividend ETF, and there’s a lot to like about it.]( Copy to share story: [/arks-odyssey]( 🙋 [Ask a question](mailto:questions@finimize.com?body=Ask us a question: Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=ARK’s Odyssey&utm_campaign=daily-global-21-09-2023&utm_source=email) 🤝 Partner with us Finimize is much more than just this newsletter: we’re a full-blown [one-stop shop]( for engaging with [modern investors](. So whether you’re a fintech, founder, or just a fed-up exec, rest assured – we’ve got [the solutions]( you need. [Book A Demo]( 💬 Quote of the day "Don’t worry about the world coming to an end today. It’s already tomorrow in Australia." – Charles M. Schulz (an American cartoonist) [Tweet this]( SPONSORED BY TRADE REPUBLIC The name’s bond: Trade Republic bond [Europe's biggest savings platform]( has something new to offer… You know, because free savings plans for stocks, ETFs, and crypto just wasn’t enough. [Trade Republic]( now has bonds too – so you can lend money to companies and governments for a fixed annual return, all through their platform. You can [invest as little as one euro and you’ll get regular interest payments]( – plus, you can sell at any time. But here’s the really cool bit: [you’ll be able to see your bonds’ annual returns in real time](. That might not sound like much, but calculating the returns of different bonds during their lifetime is the thing that makes investing in bonds complicated. [So now that’s solved, what are you waiting for?]( [Find Out More]( Disclaimer Not all of the above-mentioned services are available in all the markets. The scope and availability of our stock, ETF, savings plan, crypto and derivative offering may vary according to the country. Please refer to our website for more information. Investing in the stock market carries risk: The value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice. When you support our sponsors, you support us. Thanks for that. 🎯 On Our Radar 1. TikTok's endless gaze. The platform’s [pushing for 24-hour live streams](, making digital immersion even deeper. 2. Theory will only get you so far in the real world. Here's how to [master options trading](.* 3. Balmain's luxe loss. A heist saw over 50 show pieces swiped from the brand’s opulent SS24 collection, leaving the fashion world [in suspense](. 4. Options trading is a big deal in the crypto-sphere. [Find out how to use them]( in your own strategy.* 5. Elegance on rails. From Japan's sleek rides to Europe's vintage carriages, here are the [luxury train trips to experience in 2024](. When you support our sponsors, you support us. Thanks for that. 🌍 Finimize Live 🥳 Coming Up In The Next Week... All events in UK time. 📚 [Mastering Technical Analysis For Traders](: 5pm, September 26th And After That...💰 [Money Matters: Her Wealth Roadmap](: 5pm, October 25th 🎉 [Modern Investor Summit 2023](: 12pm, December 5th and 6th ❤️ Share with a friend Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. You stay classy, {NAME} 😉 We’d love to hear your thoughts. [Give feedback]( Want to advertise with us too? 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