The Heritage Partnership

02/06/2026

Welcome to this week’s edition of The Weekly Market Watch, where we give you a quick rundown of last week’s market news in just 5 minutes:

📈Increasing hopes that a deal between the US and Iran might finally be reached and continued AI optimism helped push US markets to new highs last week. The S&P 500 has now risen for nine consecutive weeks; its longest streak since 2023. In fact, the S&P 500 is now trading at more than 10% above levels seen before the war with Iran.

📊According to Reuters polling, the European Central Bank (ECB) is expected to increase interest rates by 0.25% later this month, as the economic bloc continues to struggle with the effects of weak output, low consumer confidence, and the inflationary impact of higher energy prices.

Read more here:

S&P registers double digit returns Increasing hopes that a deal between the US and Iran might finally be reached and continued AI optimism helped push US markets to new highs last week.

28/05/2026

Welcome to this week’s edition of The Weekly Market Watch, where we give you a quick rundown of last week’s market news in just 5 minutes:

📈Chip maker Nvidia, the world’s most valuable company, reported another bumper set of results for the first quarter. Compared to the year before, sales rose by 85%, while net earnings increased threefold. In both cases, results were way ahead of expectations and confirmed high demand for data centres and AI. Historically, Nvidia’s earnings results have dominated much of the news flow and helped set investor sentiment.

📊Confirmation that the world’s richest man, Elon Musk, will list his satellite and rocket company SpaceX, was another reason why the reaction to Nvidia’s earnings were relatively muted. As this week’s “In the picture” shows, SpaceX’s listing on 12 June is expected to be the largest in history, more than twice as large as oil major Saudi Aramco, the current largest.

Read more here:

In the US, markets delivered further gains. The S&P 500 rose for the eighth consecutive week. By style, small-cap and value outperformed growth and large-cap.

20/05/2026

Welcome to this week’s edition of The Weekly Market Watch, where we give you a quick rundown of last week’s market news in just 5 minutes:

📈UK government bond yields continued rising last week, as UK government leadership challenges and international questions increasingly weighed on investor minds. Starting with the UK, 10-year gilt yields spent most of the past few days above 5%, ending the week above 5.1%. To put that number into context, 10-year gilt yields haven’t breached 5% since 2008. Meanwhile the 30-year gilt yield ended the week within touching distance of 6%, reaching its highest levels since 1998.

📊While still below gilts, recent developments have also seen US Treasury yields come under increasing pressure. Despite being an energy exporter, the inflationary effects of the Iran conflict can take at least some of the blame.

Read more here:

UK government bond yields continued rising last week, as UK government leadership challenges and international questions increasingly weighed on investor minds.

18/05/2026

13/05/2026

🌟 St James's Place Webinar 🌟

Following the budget release on 12 May, a series of reforms will reshape the financial landscape for Australian expats with assets back home. From tax, superannuation and trusts to broader fiscal measures, although some changes may appear subtle, all are likely to carry significant implications for long-term planning.

Join us for a timely webinar, as we unpack the key updates and considerations to help Australian expats make informed financial decisions.

Event Details:
Thursday, 14 May 2026
8am - 9am UK
11am - 12pm UAE
3pm - 4pm Singapore | Hong Kong

Register here: https://us02web.zoom.us/webinar/register/WN_lbO911HORQiURemF4MxQYA #/registration

We look forward to welcoming you there!

12/05/2026

Welcome to this week’s edition of The Weekly Market Watch, where we give you a quick rundown of last week’s market news in just 5 minutes:

📊Following bruising local election results, media reports have been awash with gossip around the prime minister Keir Starmer’s future. Judging by the UK bond market, however, lenders appear to prefer the stability of continuity over the uncertainty of a leadership challenge – at least for now.

📈One market that has come out of the Iran conflict well has been US equities. Last week it posted another strong set of returns, as it moved higher into record territory.

Much of this growth has been driven by technology companies. Initially, large tech companies struggled at the start of the year, due to investor concern over the high level of AI spending, and how long it would take for that to translate into returns. It appears some of these fears have subsided. Since their March lows, the tech sector has recorded double-digit growth. Chip makers such as Intel and AMD have seen the value of their companies double over the past month.

Read more here:

Following bruising local election results, media reports have been awash with gossip around the prime minister Keir Starmer’s future. Judging by the UK bond market, however, lenders appear to prefer the stability of continuity over the uncertainty of a leadership challenge – at least for now.

12/05/2026

🌟 One Day To Go! - St James's Place Webinar 🌟

Are you a British or Irish expat with a child heading to university in the UK in the next few years?

Join our upcoming webinar which will explore how you can qualify for Home Fee status whilst being aware of tax residency and how to invest your money wisely into your children's higher education with the right preparation and guidance.

Sam Goodwin from UK Study Options will dispel the common misconceptions around UK Home fee status, the types of evidence you’ll need to provide to gain such status, as well as the nuances between universities in different nations across the UK.

Event Details:
Wednesday, 13 May 2026
9am - 10am UK
12pm - 1pm UAE
4pm - 5pm Singapore | Hong Kong

Register here: https://us02web.zoom.us/webinar/register/WN_bAsiQrakTweof3rWA_gfFA #/registration

We look forward to welcoming you there!

11/05/2026

✨Charity Challenge Update!✨

After successfully raising funds through our recent virtual charity challenge completed as a team at the end of last year, we're very pleased to share that the learning centre for Burmese migrant children is now built and James Norman and Carol Gaffney spent two days on site last week where they helped with painting the facility inside and out. 🎨🏠

It was hard work, the kind that leaves you with muscle aches no workout can match 😅 but incredibly rewarding.

It was very special to reconnect with David Cole of Building Trust International and the team to help bring the project to completion. Seeing the full journey come to life, from taking on the physical virtual challenge🚴‍♂️🏃‍♂️🚶‍♀️, to raising funds through the generosity of family, friends and clients and finally contributing on the ground, was a powerful full-circle moment.

Every child deserves access to education in a safe and nurturing environment and we’re very proud to have played a part in making that happen.

A big thank you to everyone who supported us 🙏❤️

07/05/2026

Welcome to this week’s edition of The Weekly Market Watch, where we give you a quick rundown of last week’s market news in just 5 minutes:

📊The S&P 500 and Nasdaq ended the week at record highs. Despite a spike in energy prices, market sentiment remained upbeat, supported by a strong corporate earnings season and positive AI newsflow.

📈Brent crude reached a four-year high of $126 per barrel mid-week before falling back and finishing the week at just under $110 a barrel. The price spike reflected reports that the US was considering further attacks on Iran to break the political and military stalemate. By comparison, the price at the beginning of the year was $61 per barrel, and on the eve of war it was $73 per barrel.

Read more here:

The S&P 500 and Nasdaq ended the week at record highs. Despite a spike in energy prices, market sentiment remained upbeat, supported by a strong corporate earnings season and positive AI newsflow.

06/05/2026

🌟 St James's Place Webinar 🌟

Are you a British or Irish expat with a child heading to university in the UK in the next few years?

Join our upcoming webinar which will explore how you can qualify for Home Fee status whilst being aware of tax residency and how to invest your money wisely into your children's higher education with the right preparation and guidance.

Sam Goodwin from UK Study Options will dispel the common misconceptions around UK Home fee status, the types of evidence you’ll need to provide to gain such status, as well as the nuances between universities in different nations across the UK.

Event Details:
Wednesday, 13 May 2026
9am - 10am UK
12pm - 1pm UAE
4pm - 5pm Singapore | Hong Kong

Register here: https://us02web.zoom.us/webinar/register/WN_bAsiQrakTweof3rWA_gfFA #/registration

We look forward to welcoming you there!