Global markets Global equities rose further last week following a well-anticipated 0.5% rate cut by the US Federal Reserve. Reassuring US labour market data added to the optimism. What was once considered an unlikely prospect – unless US recession risks were intensifying – the 0.5% Fed rate …

Global markets Global equities bounced back solidly last week as benign US economic data heightened expectations for a US rate cut this week. The US Presidential debate was a non-event for markets. As I’ve argued in the past, markets don’t seem to mind which candidate wins – …

Global markets Global equities declined sharply last week, reflecting further weaker than expected US economic data and anti-trust concerns around tech darling Nvidia. As the saying goes, the faster they rise, the harder they fall – and Nvidia is no exception. The sharp sell-off in this AI …

Global markets Global equities consolidated last week, following several weeks of strength in anticipation of US Fed rate cuts ahead. Helping in the consolidation was a less-than-usually impressive Nvidia earning update. That said, the S&P 500 still closed at a new end-week market high. There was little …

Global markets The global equity rebound continued last week, buoyed by confirmation of a US rate cut next month by Fed chair Jerome Powell. Markets waited all week for Powell’s speech at the Jackson Hole central bank talkfest, and were not disappointed. Powell declared “the time has come” to …

Global markets Global stocks rebounded strongly last week thanks to a beautiful set of numbers from the United States suggesting the ‘soft landing’ scenario remains firmly on track. After a testing few weeks in markets, last week was one of reassurance – that both US inflation continues …

Global markets Global stocks rebounded over the course of last week after the volatility of the previous Friday and Monday – helped by reassuringly firm US economic data. Overall, this resulted in a flat week for global and US stocks, with a modest rebound in bond …

Global markets Disappointing earnings reports from two big tech companies – Tesla and Alphabet – contributed to a further pull back in global stocks last week, despite another benign US inflation report. …

Global markets Disappointing earnings reports from two big tech companies – Tesla and Alphabet – contributed to a further pull back in global stocks last week, despite another benign US inflation report. …

Global markets Fears related to potential bans on US tech exports to China hurt global stocks last week, especially the US large-cap market darlings. As was the case the previous week, relative weakness in US large-cap technology stocks contributed to the ‘great rotation’ theme – from growth …