Wednesday 30 July 2025
The Mighty Headlines
Economics: US Federal Reserve to make interest rate decision today
Business and markets: Kingsmill and Hovis set to merge
Foreign Affairs: UK to recognise Palestine unless Israel meets conditions
Security and intelligence: US blocks arrival of Taiwan’s President
Domestic politics: Tensions between UK Treasury and Bank of England
The Mighty Stats
FTSE = 9,136.32 (up 0.6%)
S&P 500 = 6,370.86 (down 0.3%)
Nasdaq = 21,098.29 (down 0.38%)
CAC40 = 7,857.36 (up 0.72%)
£1 = $1.33 / €1.16
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The Mighty Detail
Economics: The US Federal Reserve will announce its interest rate decision today. Despite pressure from President Trump, the interest rate (expressed as a range in the US) is expected to stay the same at 4.25 per cent to 4.5 per cent.
Business and markets: UK bread maker Kingsmill is expected to buy rival Hovis in a £75 million deal this week. The merger could save £50 million in costs, as the bread makers struggle to compete against new artisanal bread makers, inflation and low-carb diets.
Foreign Affairs: The UK Prime Minister said that the UK will recognise a Palestinian state at the UN General Assembly in September unless Israel ensures aid reaches Gaza and agrees a ceasefire. The US and Israel withdrew from the most recent round of ceasefire talks with Hamas last Thursday, with the US claiming that “Hamas does not appear to be coordinated or acting in good faith”.
Security and intelligence: The Trump administration has blocked the arrival of Taiwan’s President in New York City next week. There are concerns that allowing Taiwan’s President to stopover on his way to South America could derail ongoing US trade talks with China.
Domestic politics: There are reports of tensions between the UK Chancellor, Rachel Reeves, and the Governor of the Bank of England, Andrew Bailey. Bailey is said to have blocked a meeting with the Treasury about giving a banking licence to Revolut, the finance app. He is allegedly concerned that the Government is interfering with regulatory matters.
The Mighty Calendar
What’s happening today?
US Federal Reserve and Bank of Canada interest rate decisions
US, Eurozone GDP data (Q2 2025)
Company results from: Microsoft, Meta, Ford, Mercedes-Benz, Nissan, Aston Martin, QUALCOMM, Panasonic, Airbus, BAE Systems, BASF, HSBC, UBS, Aberdeen, Santander, Taylor Wimpey, Just Eat Takeaway.com, Adidas
Lookahead to tomorrow
Bank of Japan interest rate decision
Eurozone unemployment rata data (June)
China manufacturing growth data (July)
Company results from: Apple, Amazon, Shell, Samsung, BMW, Standard Chartered, Société Generale, Credit Agricole, Coinbase, Drax, Reddit, British American Tobacco, Next, Unilever
The Mighty Finale
🌤️Weather today
Light cloud across England. Small chance of rain in the northeast. High of 24C and low of 16C in London. Light rain in Belfast. Light cloud in Edinburgh.
✏️Life coaching quote of the day
“People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents.” – Andrew Carnegie, steel magnate and philanthropist
Mighty takeaway: No-one will achieve your goals for you, whether in business or in life. The action you take is down to you.
That’s it for this Wednesday morning. Thanks for reading as ever.
Cheerio!
The Mighty Memo team