Global markets After threatening to break support at the late September low in the previous week, the S&P 500 rebounded last week to end near resistance at the mid-October high. The U.S. stock surge came despite what appeared lingering uncertainty over the U.S. Presidential election outcome. …

Global markets A litany of negative factors conspired to push equities lower last week, with the U.S. S&P 500 down a chunky 5.6%. Rising COVID cases in Europe and the United States, new lockdowns in Europe, confirmation of no pre-election U.S. stimulus deal, Presidential election jitters …

Global markets Global equities pulled back last week, interrupting the rebound we’ve been enjoying so far this month after the September correction. The theme of the past week is ‘unresolved’. U.S. fiscal stimulus talks are ongoing and as yet unresolved. Ditto the UK-EU post-Brexit trade deal …

Global markets Global equities were largely flat last week, reflecting disappointment on U.S. fiscal stimulus talks and concern over new social distancing restrictions in Europe as COVID-19 cases mount. The $US firmed and gold weakened, while bond yields eased back. U.S. economic data was mixed, with ongoing …

Global markets Global equities enjoyed their second successive positive week, suggesting the ‘correction we had to have’ may well be over. The main market driver last week was the on again/off again/on again U.S. fiscal stimulus talks. After earlier hopes of a deal were quashed by …

Global markets Global equities enjoyed their first positive week in a month, largely on the back of U.S. fiscal stimulus hopes – and despite polls suggesting Biden is now even more likely to win the Presidential election following a steady performance in last week’s debate. Of …

Global markets It was a week of consolidation for global equities as some investors could not resist finally buying into the first decent pullback in stocks for some months. The S&P 500 edged down another 0.6% for the week – marking the fourth weekly loss in …

Global markets The correction in global equities continued last week given the latest Fed meeting offered nothing new and U.S. economic data disappointed somewhat. Bonds yields were steady while the $US eased a bit further. Although the Fed confirmed it has moved to a new framework which …

Global markets Global equities continued to pull back last week, driven in large part by the tech-heavy NASDAQ-100 Index. Compared to the previous week’s news (SoftBank and Tesla) there was little fundamentally new that triggered the further equity sell-off – suggesting this remains nothing more than …

Global markets U.S. stocks edged ever higher last week, despite a lack of progress on extending fiscal stimulus and the Fed’s reluctance to consider further monetary measures despite its ongoing concerns for the economy. The Fed’s failure to hint at new stimulus also helped stem the …