Market Round-Up

03Apr 2018

TRUMP’S CHINESE TAKEAWAY UNSETTLES MARKETS Most major stock markets weakened as a tit for tat trade spat broke out between the US and China. US President Donald Trump slapped a 25% tariff on up to US$60 billion per annum of Chinese imports, and China uncorked its own against a US$3 billion basket of imports from […]

13Mar 2018

GEOPOLITICS DOMINATES HEADLINES Global investor pessimism over a potential trade war abated somewhat last week, as the Trump administration announced that certain countries would be exempt from the newly imposed tariffs. In Asia, shares staged a late rally as investors also took heart from the apparent thawing of relations between the US and North Korea, […]

10Jan 2018

GLOBAL STOCK MARKETS START THE NEW YEAR WITH A BANG Global shares powered ahead during the first trading week of 2018, building on December’s gains. Japanese stocks touched multi-decade highs, while technology and energy stocks pushed US stock market indices further into record-breaking territory. Eurozone economic activity, accelerating at its fastest pace for seven years, […]

13Dec 2017

US DOLLAR AND STERLING RISE AS DEADLOCKS RESOLVED Both the US dollar and the pound strengthened. The greenback rallied against a basket of currencies as a US government shutdown was averted by Congress agreeing to fund spending until 22 December. Sterling climbed after a breakthrough in Brexit talks, enabling the UK government to move forward […]

06Dec 2017

STOCK MARKETS EDGE LOWER; FINANCIAL SHARES OUTPERFORM Sterling outperformed major rivals on signs of progress towards a Brexit deal, after the UK appeared to make an offer on the exit bill that could lead to a breakthrough in talks (see below). The currency strength took the shine off stock markets, however, by lowering the value […]

27Nov 2017

STOCK MARKETS BOUNCE; EURO EXTENDS RALLY Stock markets edged higher worldwide, with the MSCI All Country World Index snapping a two-week decline, as data continued to point to a strengthening global economy. Euroarea company shares outperformed after a report showed that jobs growth and new manufacturing orders rose to 17-year highs; on the back of […]

21Nov 2017

WEEK ENDING 17 NOVEMBER 2017 LATE RALLY IN GLOBAL SHARES HELPS STEM WEAKNESS It was a decidedly shaky start to last week, with energy stocks experiencing particularly heavy falls, due to a falling oil price. However, a late rally in US technology and consumer staples stocks, courtesy of good profits announcements resulted in the S&P […]

11Nov 2017

GLOBAL SHARES RETREAT FROM RECORD HIGHS Global shares retreated from historic highs last week, paring gains in the last few days on news that the US Senate would delay any plans to reduce US corporate taxes until 2019. (Lower taxes typically increase profits growth). European shares fell, as did eurozone bond prices, with bond yields […]

07Nov 2017

WEEK ENDING 3 NOVEMBER 2017 MARKETS OPTIMISTIC ON GLOBAL GROWTH HOPES Many stock markets hit record highs mid – week, before easing back. The positive sentiment was fuelled by an economic expansion that seems well – distributed globally, by strong company earnings, by pro – growth policies in many countries such as Japan and India, […]

31Oct 2017

DRAGHI GIVES WITH ONE HAND, TAKES WITH THE OTHER The European Central Bank (ECB) has pledged to continue hoovering up bonds until September – but at only half the current rate. Taking heart at the strengthening recovery across the euro area, the central bank on Thursday said it would cut purchases of public and private […]

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