Global markets Global equities bounced back last week reflecting an 11th hour deal in Washington to kick the debt ceiling can down the road until early December. Such is the likely short-run oversold nature of equity markets, that was enough for the market to bounce even …

Global markets A month or so ago the main worry on global markets was that there didn’t seem much to worry about (i.e. investors were complacent). We’ve now shifted to markets having a litany of things to worry about – and not knowing what to focus …

Global markets Fair to say it was a mixed week for global equities, with Wall Street slumping initially only to then more than recover lost ground over the remainder of the week. Remarkably given a somewhat hawkish Fed meeting and lingering concerns over Evergrande, the S&P …

Global markets Global equities traded heavily last week, with Wall Street decidedly unwilling to rally even on good news. Indeed, the U.S. August consumer price index report came in a bit lower than expected, while retail sales were higher than expected – neither of which elicited …

Global markets U.S. stocks sagged last week – absent any clear trigger – reflecting general concerns with a combination of weakening growth due to delta, but also persistent pricing pressures due to lingering supply bottlenecks, or what some are already over-excitedly suggesting is a return to …

Global markets It was a relatively muted week on global markets following the flurry of excitement around the Fed’s taper intentions over the previous week. All up, the story remains that equities continue to grind higher, helped by still solid growth in earnings and broadly steady …

Global markets Global equities bounced back last week reflecting a relatively dovish speech by Fed chair Powell at Jackson Hole on Friday. The key takeaway from the speech was that the condition of “substantial further progress” towards maximum employment has not quite been achieved, meaning the …

Global Markets Global equities suffered a setback last week as minutes from the latest Fed meeting suggested it was closer to “tapering” its bond purchases somewhat earlier than anticipated. Specifically, the minutes indicated “most” members agreed that tapering could commence this year (as opposed to …

Global markets Global equities continued to grind higher last week reflecting ongoing solid corporate earnings and still relatively benign bond yields. Indeed, lingering fears with regard to the potential impact of delta on economic growth are likely helping offset fears which may otherwise have arisen from …

Global markets Global equities pushed onwards last week as solid U.S. earnings and economic reports outweighed concerns with regard to eventual Fed tapering and the pesky delta variant. Although U.S. July manufacturing indices were a touch weaker than expected, they were nonetheless still very strong – …