Global equities last week reversed some of their recent gains, falling around 1% in both local currency and sterling terms. Still, they remain close to 2% above their high in … Read More
Reeves versus Rates – 21st October 2024
Global equities continued on their upward path last week, rising around 0.7% in both local currency and sterling terms. The US and UK both gained 1.2%, while emerging markets were … Read More
Just enough – 14th October 2024
Global equities ended last week up 0.5-1% in both local currency and sterling terms and are now some 2-2.5% above their end-July high. US and European equities performed best with … Read More
US still hiring – 7th October 2024
Global equities ended last week flat in local currency terms after a bounce in the US on Friday following the release of stronger than expected labour market data. In sterling … Read More
Pavlovian response
The unveiling of a range of stimulus measures in Beijing undoubtedly took first place as highlight of the week. The local A share market climbed by 15.7% whilst in Hong … Read More
Fed charges ahead
The big event last week was the Federal Reserve’s decision to kick off the US rate-cutting cycle with a bumper 0.5% cut, rather than the more normal 0.25%. The meetings … Read More
Easier times ahead
The latest equity correction was as short-lived as the previous one in early August and rather less severe. Global equities bounced some 3% last week in both local currency and … Read More
Chips and Payrolls
Markets were quietish last week, leaving investors undisturbed for the most part to enjoy the last of the summer holidays. Global equities were up 0.5% in local currency terms and … Read More
Calm after the storm
Equity markets rebounded strongly last week, with global equities up 3.8% in local currency terms and 2.8% in sterling terms, as US recession worries faded and belief in a soft-landing … Read More