Friday 26 September 202
The Mighty Headlines
Economics: US economy grew at fastest rate in two years in Q2
Business and markets: Bond investors’ warning about Andy Burnham
Foreign Affairs: Concerns about Moldova ahead of parliamentary election
Security and intelligence: Zelensky says Russian officials could be targets
Domestic politics: Digital ID scheme to be proposed in the UK
The Mighty Stats
FTSE = 9,213.98 (down 0.39%)
S&P 500 = 6,604.72 (down 0.5%)
Nasdaq = 22,384.70 (down 0.5%)
CAC40 = 7,795.42 (down 0.41%)
£1 = $1.33 / €1.14
Lab / Con / Reform: 17 / 14 / 33 per cent
*United Nations General Assembly update: The UK Prime Minister Sir Keir Starmer addresses the UN today as does Israel’s Prime Minister Benjamin Netanyahu. Tomorrow, Russia’s Foreign Minister, Sergey Lavrov, will address the UN.*
The Mighty Detail
Economics: The US economy grew at its fastest pace in nearly two years in Q2 2025. The revised figures suggest annual GDP growth of 3.8 per cent.
It comes off the back of strong consumer spending and business investment.
There are signs, however, of a slowdown after Q2. The US Federal Reserve cut interest rates last week because of slow jobs growth.
Business and markets: Investors are warning that the Mayor of Greater Manchester’s spending plans could “spook” the bond markets.
Andy Burnham, who has Prime Ministerial ambitions, said he would borrow £40 billion to build more council homes and invest in infrastructure projects.
The UK Government bond market is already fragile. A sale of UK Government debt this week was met with the weakest demand in two years.
Foreign Affairs: The Speaker of Moldova’s Parliament has warned that Parliamentary elections on Sunday could re-orientate the country’s relations towards the EU or Russia. It comes after Moldova’s pro-EU Prime Minister said on Wednesday that Russia was spending hundreds of millions of euros to influence the election.
Security and intelligence: President Zelensky said yesterday that senior Russian officials could become the target of military strikes. Earlier this year, the UK, US, France and Germany lifted range restrictions on the weapons they provided to Ukraine so that they could reach deeper into Russia.
Domestic politics: The UK’s Prime Minister, Sir Keir Starmer is expected to outline plans today to introduce a compulsory UK-wide digital ID scheme. There are suggestions that the ID scheme would help to verify people’s right to live and work in the UK and tackle illegal migration.
The Mighty Calendar
What’s happening today?
UK Prime Minister address UN General Assembly
Israel’s Prime Minister addresses UN General Assembly
NATO Defence Chiefs meet in Brussels
Portrait of King Charles unveiled at the Scottish Parliament
Ryder Cup (golf) begins
Lookahead to the weekend
Saturday
Russian Foreign Minister addresses the UN General Assembly
Women’s Rugby World Cup final
Sunday
Parliamentary elections in Moldova
Labour Party conference begins in Liverpool
Ryder Cup (golf) final round
British Open (snooker) final
The Mighty Finale
🌤️Weather today
Light cloud in the east of England. Bright sunshine in the southwest. High of 16C and low of 8C in London. Bright sunshine in Belfast. Sunny intervals in Edinburgh.
✏️Life coaching quotes of the day
1. “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of other’s opinions drown out your own inner voice. And most importantly, have the courage to follow your heart and intuition.” – Steve Jobs, entrepreneur
2. “Nothing can bring you peace but yourself.” – Ralph Wado Emmerson, writer
Mighty takeaway: You have two quotes today to think about over the weekend! Firstly, live your life and your dreams – not someone else’s – life’s too short. Secondly, don’t look for outside factors – people, possessions, things – to bring you peace. Find peace with yourself.
That’s it for this morning. We hope that you enjoy the weekend!
Adios!
The Mighty Memo team
*To read the Mighty Memo manifesto and learn about why we do this visit: https://www.mightymemo.co.uk/why*