The Heritage Partnership

18/08/2026

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 reached a record high this week buoyed by low US producer and consumer inflation readings in July indicating inflationary pressures are being contained. A stream of strong AI earnings releases reinforced bullish sentiment.

📊Is AI already too advanced? Should the most powerful models be kept under lock and key, only accessible to governments and selected scientists? Mark Zuckerberg, founder and chief executive officer of Meta has just published an essay on AI which is a high-profile addition to the debate about whether AI benefits mankind.

Read more here:

14/08/2026

When the world is facing unprecedented change at an unprecedented rate, uncertainty is now the operating environment. Markets depict this change in real time – taking the tech disruption, supply chain challenges and global geopolitical unrest and reflecting it back to us.

We’re unpacking exactly what this means for investors, Clients and the wider world at the Singapore edition of our flagship Global Economic Outlook conference on 22 September.

Hear from St. James’s Place’s UK-based Justin Onuekwusi, who will be flying in to share his perspectives as Chief Investment Officer for more than one million clients, stewarding over £240bn in assets.

He’ll be joined by Angelina Lai, CIO of St. James's Place – Asia & Middle East, to set out the challenges and opportunities impacting investors.

But that’s not all. Combining global commerce data and insight will be Alex Holmes from the Economist Intelligence Unit, returning to deliver analysis and forecasts for Asia Pacific markets, and cross-cutting themes that affect the region and globe.

Join us in Singapore on 22 September for an evening of insights from the Economist Intelligence Unit and our chief investment officers.

Register here: https://cloud.comms.sjp.asia/GEO-SG-2026

Visit https://www.sjp.asia/sg/site-services/regulatory-information for our regulatory information and privacy policy.

13/08/2026

Who would inherit your assets if you died without a Will?

Family structures are changing as unmarried couples, blended families and different personal circumstances become increasingly common.

Without a valid Will, the rules of intestacy determine who inherits your estate and this may not reflect your wishes. For example, an unmarried partner may not automatically inherit from their partner’s estate.

A Will gives you greater control over who benefits from your assets and can help reduce the uncertainty and administrative burden for your loved ones.

It’s not just about what happens to your wealth, it’s about making sure your wishes are known.

👉 Read the full article to learn more: https://partnership.sjp.asia/heritagepartnership/article/detail/sjpp/where-theres-a-will-theres-a-say.html

If you don’t yet have a Will in place, get in touch with us to explore how this may fit into your wider financial planning.

11/08/2026

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 US and Japanese central banks jointly intervened to help prop up the yen, after the Japanese currency fell to 40-year lows.

While a weakening currency is typically a domestic issue, in this case there were risks to US borrowing. Investors had been borrowing yen at low interest rates and buying foreign government bonds for profit (sometimes called the yen carry trade). As a result, the yen has been under sustained pressure, while Japanese investors have become the largest foreign holders of US Treasuries.

📊After its recent historic IPO, SpaceX briefly reached a market cap of $2.6 trillion in June, making it more valuable than Amazon.

Since then, trading has been decidedly tougher for Elon Musk’s company. Last week, it published its first results since going public. Despite announcing higher revenue and lower losses per share than analysts expected, shares fell as much as 13% on Wednesday. Although it recovered by the end of the week to $133, this remains a long way below its June highs.

Read more here:

While opinions may vary on whether the current hot, dry summer is nicer than Britain’s typical grey and drizzly experience, its effects on farming are less up for debate.

11/08/2026

🌟 One Day to Go! St James's Place Webinar 🌟

Following a renewed escalation of conflict in the Middle East, geopolitical uncertainty has once again come into sharp focus. Together with the ongoing war in Ukraine, these developments continue to raise questions about the outlook for global markets.

Join us as we hear from David Rees, Head of Global Economics at Schroders, as he revisits the market outlook, assesses what has changed and discusses the implications for economies, financial markets and investors.

Event Details:
Wednesday, 12 August 2026
12pm - 1pm UAE
4pm - 5pm Singapore | Hong Kong

Register here: https://us02web.zoom.us/webinar/register/WN_6geV68aVSFGIRwP86ch93w #/registration

We look forward to welcoming you there!

09/08/2026

Happy National Day, Singapore! ❤️🤍

Today, we celebrate Singapore's 61st National Day and the resilience, diversity and community spirit that make this nation so special.

Thank you to our clients, partners and community for your continued trust and support.

Wishing everyone a joyful National Day with family, friends and loved ones.

05/08/2026

🌟 One Week to Go! St James's Place Webinar 🌟

Following a renewed escalation of conflict in the Middle East, geopolitical uncertainty has once again come into sharp focus. Together with the ongoing war in Ukraine, these developments continue to raise questions about the outlook for global markets.

Join us as we hear from David Rees, Head of Global Economics at Schroders, as he revisits the market outlook, assesses what has changed and discusses the implications for economies, financial markets and investors.

Event Details:
Wednesday, 12 August 2026
12pm - 1pm UAE
4pm - 5pm Singapore | Hong Kong

Register here: https://us02web.zoom.us/webinar/register/WN_6geV68aVSFGIRwP86ch93w #/registration

We look forward to welcoming you there!

04/08/2026

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:

📈US companies are delivering one of the strongest earnings seasons since the post-pandemic bounce in 2021. Multiple sectors are delivering high (20%+) double-digit profit growth compared with 2025. This has been led by energy, buoyed by the 40% rise in the price of oil over the past year. Communication services and technology were also strong contributors, supported by AI-related activities.

📊Yet, many household tech names are trading at high valuations and so investor expectations are equally demanding. Companies unable to reassure the market on prospects are being punished as investors sell. Analysts are increasingly concerned about how (and if) the very high levels of expenditure on AI will be rewarded. Despite beating earnings estimates, the share prices of some of the largest tech companies – such as Apple, Meta and Alphabet – fell as investors found fault with aspects of their earnings or strategy.

Read more here:

US companies are delivering one of the strongest earnings seasons since the post-pandemic bounce in 2021. Multiple sectors are delivering high (20%+) double-digit profit growth compared with 2025. This has been led by energy, buoyed by the 40% rise in the price of oil over the past year. Communicati...

28/07/2026

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:

📈Andy Burnham topped the British political landscape last week, becoming the country’s seventh prime minister in ten years.

As part of his government reshuffle, Burnham brought former defence minister John Healey in to replace Rachel Reeves as chancellor. Healey’s political career goes back to the 90s, including posts in the Treasury. Earlier this year, his resignation from the Cabinet over perceived insufficient funding for the defence ministry was seen as speeding up Sir Keir Starmer’s downfall.

📊The relentless slide of the Japanese yen saw it break a 40-year barrier. For the first time since 1986, the exchange rate hit 163 yen to the dollar. To give that number more perspective, a year ago it was under 150 yen to the dollar.

There have been a number of issues for the currency. Japan is perceived as more vulnerable to the rising oil prices from the Iran shock. On top of this, Japan’s interest rates are notably below those of other developed nations, leading investors to sell the currency in search of better yields.

Read more here:

Andy Burnham topped the British political landscape last week, becoming the country’s seventh prime minister in ten years.

23/07/2026

Burnham’s Britain: economic priorities to consider?

With Andy Burnham now leading the UK Government, the new administration faces a number of significant economic challenges.

From productivity and youth unemployment to inflation, borrowing costs and a rising tax burden, the UK’s economic outlook presents a complex set of priorities for policymakers.

This latest article explores six key areas that could shape the UK’s economic direction in the years ahead and the challenges involved in balancing growth, investment and fiscal responsibility.

🔗 Read the full article:

With the support of 90% of Labour MPs (349 in total), Andy Burnham has replaced Sir Keir Starmer as the UK’s prime minister for the remainder of this parliament, ending in August 2029 (at the latest). While pledging to do things differently, there are many challenges ahead. We take a closer look a...