I have spent much of this year in this commentary discussing ad nauseam two topics – Covid and Brexit – and unfortunately we need to end the year focusing on … Read More
Groundhog Day
Global equities did their best last week to ignore the trials and tribulations of the Brexit negotiations, ending the week down a modest 0.5%. It was rather harder for UK … Read More
Deal, No Deal or no big deal
The upward march of equity markets continued last week with global equities gaining another 1.2% in local currency terms. However, there was considerable divergence between markets. The UK resumed its … Read More
Don’t Fight the Vac
Global equities resumed their rally last week, gaining 2% or so in local currency terms. This brings the increase so far in November to as much as 12% and leaves … Read More
Adding to Equities
The equity market rally paused last week with global equities little changed in local currency terms. Even so, this still leaves markets up a hefty 10% so far this month … Read More
Vaccines – More Cummings than Goings
The rally in equities continued last week with global equities gaining 2.5% and breaking through their all-time highs earlier in the year. Equities are up a further 1.5-2.0% today. The … Read More
Biden and Vaccines – a potent combination
Global equities bounced close to 7% last week, more than reversing their 5% decline the previous week. They opened up another 1.5% this morning and were testing their all-time highs … Read More
Lockdown 2.0
Global equities took a tumble last week, losing 5.0% in local currency terms. This left markets down some 7% from their early September high but still leaves them up some … Read More
Deal or No Deal
Global equities overall ended last week little changed but this concealed significant differences in performance between regions. Chinese stocks rose 2.6% in sterling terms while the US gained 0.7% and … Read More
Bouncing back
Last week was a surprisingly good week for equity markets. Global equities gained as much as 3.4% in local currency terms and have now recovered the bulk of their losses … Read More