• Rathbones expects no asset allocation changes from earnings, the UK Budget or US midterms, according to its October 27, 2026 analysis.
• US bank results showed limited consumer or corporate credit deterioration; third-quarter GDP growth is expected to exceed 3%.
• Technology earnings will test returns on unprecedented data center investment, a significant contributor to US growth.
• Higher bond yields have halved UK fiscal headroom from around £25 billion, limiting scope for additional spending without tax increases.
• A Democratic congressional majority is unlikely to materially shift White House policy; potential corporate tax increases could dampen earnings growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rathbones Group plc published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.