Wednesday 14 January 2026
The Mighty Headlines
Economics: JP Morgan’s CEO issues warning on economic stability
Business and markets: Visa and Mastercard shares fall after “Trump cap”
Foreign Affairs: Japan’s PM to call snap General Election
Security and intelligence: Greenland & Denmark ministers meet VP Vance
Domestic politics: Government plans new Birmingham to Manchester railway
The Mighty Stats
FTSE = 10,137.35 (down 0.033%)
S&P 500 = 6,963.74 (down 0.19%)
Nasdaq = 23,709.87 (down 0.1%)
Stoxx 600 = 610.44 (down 0.083%)
£1 = $1.34 / €1.15
Lab / Con / Reform = 19 / 20 / 24 per cent (YouGov, 11-12 January)
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The Mighty Detail
Economics: The CEO of JP Morgan issued a warning yesterday about ongoing risks to economic stability which the markets “seem to underappreciate”. Jamie Dimon cited risks from geopolitics, sticky inflation and high asset prices. JP Morgan accordingly increased its provisions for bad loans to $4.7 billion in Q4 2025.
Business and markets: Shares in a number of credit card companies and banks have fallen this week after President Trump said on Friday that he would limit credit card interest to 10 per cent.
Shares in Mastercard and Visa have fallen by 6 per cent since Friday.
The average credit card interest rate is around 21 per cent according to the US Federal Reserve.
Foreign Affairs: Japan’s Prime Minister, Sanae Takaichi, will tell her party today that she will call a snap General Election. Takaichi, who became Prime Minister in October, has approval ratings of 70 per cent and is known for her pro-stimulus economic policies and her hawkish stance towards China.
The yen fell by 0.5 per cent yesterday while the Nikkei 250 rose by 3 per cent on the prospect of Takaichi winning the election.
This marks the return of the so called “Takaichi Trade”, where a falling currency accompanies a rising stock market.
Security and intelligence: Greenland and Denmark’s Foreign Ministers will meet US Vice President JD Vance in Washington DC today to discuss Greenland. At a joint press conference with the Danish Prime Minister yesterday, the Greenland Prime Minister said “if we have to choose between the US and Denmark here and now, we choose Denmark”.
Domestic politics: The UK Government will announce plans for a new railway line between Birmingham and Manchester today. There will also be upgrades to lines in Yorkshire and a new line between Manchester and Liverpool. The projects are not expected to be delivered until the mid to late 2030s.
The Mighty Calendar
What’s happening today?
Prime Minister’s Questions in the UK House of Commons
Arsenal vs Chelsea in Carabao Cup semi-final
US retail sales data (Nov)
China trade data (Dec)
Company results from: Citigroup, Bank of America, Wells Fargo, Hays
Lookahead to tomorrow
General Election in Uganda
Nigel Farage announces the new Scotland Reform Leader
25th anniversary of the founding of Wikipedia
Culture Questions in the UK House of Commons
UK GDP data (Dec) – set to stay at 1.1%
Company results from: TSMC, Goldman Sachs, Morgan Stanley, BlackRock, Taylor Wimpey
The Mighty Finale
🌤️Weather today
Sunny spells in the north of England. Light rain in the south. High of 7C and low of 6C in London. Light rain in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“Beware the barrenness of a busy life.” – Socrates, ancient Greek philosopher
Mighty takeaway: Don’t mistake busyness for fulfilment. Don’t wait to live your life at some point in the future. Today is your life.
That’s it for this Wednesday morning. We hope that you have a splendid day!
Cheerio!
The Mighty Memo team
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