Notable events over the last week Last week’s existing US home sales provided further evidence that the US recovery is likely to be supported by the strengthening domestic economy. Sales of previously owned U.S. homes rebounded last month to the second-highest level since February 2007, growing 4.7% to 5.55 million, beating expectations of 5.39 million. … Continue reading Weekly Market Update
Notable events over the last week Last week marked the official start of the Q3 earnings season and whilst the majority of reported earnings have beaten expectations many companies are wary of the headwinds which lie ahead. Of the 57 S&P 500 companies to have reported, 75% have beaten on EPS by an average of … Continue reading Weekly Market Update
Thursday saw the release of September’s FOMC meeting minutes which supported the committee’s decision to leave rates on hold for yet another month. All but one of the members voted against an increase and the minutes reiterated that ‘lift-off’ was dependant on future developments in the economy. Fed Vice-Chair Fischer highlighted the ‘considerable uncertainties’ around … Continue reading Notable events over the last week
UK equities contracted -2.7% in September (total return, Sterling terms), as markets experienced another month of sell-offs following a downbeat August. Once again risky assets succumbed to global emerging market growth concerns and tightening in global financial conditions. On a global scale, equity market returns in September (in local currency terms) were negative throughout, with … Continue reading Weekly Market Update
The overall market scenario for the last week looks good in the developed economies, with the unemployment levels declining and the headline inflation touching almost zero. However, it is important to note here that global growth is weighed upon by the performance of developing economies. In terms of the stock market performance for the … Continue reading End of September Review
Starting with the US; last week figures were released saying the economy expanded at an annual rate of 3.9% rather the 3.7% in Q2. This is due to strong consumer spending business investment and residential construction. Recent data in the US shows that new home sales surged to the highest levels since 2008. US Manufacturing … Continue reading Weekly market review (End of Q3)
After many weeks of anticipation the US central bank decided not to increase interest rates, with 9 out of 10 members voting to keep rates with their current 0 – 0.25% target. The general viewpoint for rates remaining as they are is that recent economic activity could put pressure on inflation without an interest rate … Continue reading Weekly update
In the recent months, inflation has increased, despite this the CPI figures are still close to zero. This suggests a good environment for commodities. There has also been an improvement in the supply/demand balance in the recent months, but a peak in the value of the US dollar and an improvement in China would serve … Continue reading Weekly Market Review
Currently the emerging markets are facing market crisis, just similar to the one witnessed in 1997. However, this time there will be a higher impact on the developed markets. This is because economic growth and global trade will be affected by lower purchasing power in emerging markets and commodity and other goods markets will be … Continue reading Weekly market update
Last week, Dow Jones fell 1,089 points within minutes of Monday’s opening bell and on the other hand S&P closed 3.9% up on Wednesday, its biggest daily gain since November 2011. This lead to global equity markets experiencing one of the biggest fluctuations between ‘risk off’ to ‘risk on’. The commodity markets also felt the … Continue reading Weekly Market Review