Week in review Last week can be divided into two halves. In the first half, weaker than expected US economic manufacturing data saw Wall Street bond and equity traders get excited about yet another potential ‘pivot’ by the Federal Reserve. Alas, the week ended with still …

Week in review It was another down week for global equities as the unrelenting hawkishness of Fed speakers continued to weigh on sentiment. That said, bond yields have attempted to rally at various points over the past week on financial stability concerns – first with concerns …

Week in review Continued hawkish actions from the US Federal Reserve again weighed on global equity and bond markets last week, with an ill-judged very stimulatory UK budget also not helping fragile global sentiment on Friday. The result is that US stocks are almost back to …

Week in review Without doubt the highlight of the past week was the higher than expected US CPI result, with both headline and core inflation worse than market expectations. The big shock was core inflation (excluding food and energy) which rose 0.6% compared to a market …

Week in review After several weeks of losses, global stocks bounced back last week on little new fundamental news, likely reflecting end-of-month rebalancing and profit taking from short sellers. If there was one possible fundamental reason, it was a couple of Fed speakers (Brainard and Mester) acknowledging …

Week in review Global equities retreated further last week and bond yields rose as the very hawkish speech by Fed chair Powell from the previous Friday continued to cast a long shadow. Most Fed speakers continued to talk of the need to raise rates aggressively to …

Week in review As expected, the market highlight last week was the all-important Jackson Hole speech by Fed Chair Jerome Powell. And he did not disappoint! His speech was short and focused lest there be any further market misinterpretation of his thinking. In essence the Fed is …

Market update: week in review After recent solid gains, global stocks suffered a modest setback last week as the combination of increasingly weak US economic data and resolute hawkish commentary from Fed officials started to unnerve investor sentiment. As evident in the chart below, a range of …

Week in review By far the global highlight last week was the softer than expected US July consumer price index report, with both headline and core inflation lower than market expectations. In turn this helped extend the rally in stocks and bonds that we’ve been enjoying …

Week in review It was a mixed week for global markets, with investors still unsure whether to laugh or cry about the fact the US is not yet in recession. After some early fleeting geo-political concerns surrounding US House speaker Pelosi’s visit to Taiwan, US stocks …