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Weekly Summaries
Week Ahead: All time highs for US markets, China drives oil rally and Bitcoin boost.
By Lachlan Meakin World equity markets finished modestly positive for a week sparse of economic news. US markets again hit all time highs on the back of strong corporate earnings, continued optimism in fiscal stimulus and COVID progress as the US infection rate eased to its lowest level since October. Equity Markets US The NASDAQ outperformed...
Read MoreVaccine progress, Aussie QE extended and Silver rally fizzles
By Lachlan Meakin Major global markets rallied convincingly this week with strong corporate earnings from the US, commitments from central banks to keep accommodative measures in place and good progress in US COVID vaccinations gave investors optimism. Equity markets The S&P 500 climbed to a record this week, with the NASDAQ and Dow Jones touc...
Read MoreWeek Ahead: Equities slide, US Dollar rallies and Reddit raids silver?
By Lachlan Meakin Wall Street suffered a 2% sell off on Friday capping off a poor week for global equity markets. All major European, Asian and US Indices finished decidedly in the red as stimulus euphoria post the new US administrations inauguration seems to have faded. Equity Markets US Indices posted their worst week since October with the Dow...
Read MoreWeek Ahead: US Earnings season, FOMC and weaker than expected Oil demand
By Lachlan Meakin Major US, European and Australian Indices made modest gains last week, despite a Friday sell off on Wall St. Traders will have no shortage of news to digest this week, with the Federal Open Market Committee’s January policy meeting, major tech company earnings, US GDP figures and Australian CPI. Equity Markets US equity trade...
Read MoreStimulus euphoria leads to all time highs, a new US administration and Bitcoin bust
By Lachlan Meakin We had an eventful week on global markets with the inauguration of a new US administration and a dovish stance from the European Central bank fuelling hopes of extended fiscal stimulus in the new year. Equity markets Risk appetite got a boost this week from a push by US authorities for nearly $2 trillion in additional spending an...
Read MoreWeek Ahead: Equity markets take a breather, US dollar strength and Crypto pullback
By Lachlan Meakin Major Indices took a breather last week, with US equity markets closing down more than 1% after posting record highs the week prior. In economic news, the incoming US administration announced a $1.9 USD trillion fiscal-stimulus plan that aims to counter the effects of COVID-19 and support markets as recent weak economic figures a...
Read MoreFOMC meeting, Brexit and PMIs
By Deepta Bolaky @DeeptaGOMarkets Global equities swung between losses and gains last week as investors digested contradictory headlines on key themes like Brexit negotiations, vaccine updates, stimulus talks and EU budget deal driving the price action in the markets. Investors are gearing up for another busy week with the same dominant themes ...
Read MoreVaccine updates, Brexit, EU budget and IPOs
By Deepta Bolaky @DeeptaGOMarkets As we progressed through the last month of the year, investors assessed the vaccine updates, Brexit negotiations, US political gridlock and geopolitical tensions. Stock market - vaccine updates, Brexit and IPOs Global equities swung between losses and gains this week as investors digested contradictory headli...
Read MoreVaccine distribution, ECB, EU Summit, Brexit, and US stimulus talks
By Deepta Bolaky @DeeptaGOMarkets Amid the optimism related to vaccine approvals and distributions, Europe will stand out this week with a busy economic calendar - ZEW surveys, ECB interest rate decision and the EU Summit. Equity markets Investors are closely watching countries and their immunisation program. Russia has already begun vaccination...
Read MoreFirst vaccine approval, OPEC deal , Brexit & US stimulus hopes
By Deepta Bolaky @DeeptaGOMarkets After a month-long rally in November which drove major equity indexes to record-highs, investors started the last month of the year with controversial vaccine approval and supply-chain issues. Stock market - Vaccine updates Global equities swung between losses and gains and major equity indices retreated from...
Read MoreNPF Week, Vaccine Updates, Brexit Deadline Looms and OPEC Meeting
By Deepta Bolaky @DeeptaGOMarkets As investors are about to enter the final month of the pandemic year 2020, the attention will remain on the vaccine updates, Brexit and the global economic data to gauge the recovery which has the potential to bring more volatility to the markets. Equity Markets Recently, the vaccine updates and US politics hav...
Read MoreCOVID-19 Cases, Flash PMIs, Central Bank Minutes, and US Consumer Confidence & Black Friday Sales
By Deepta Bolaky @DeeptaGOMarkets As the world is heading into a holiday season still rattled by the widespread pandemic in major economies, it will be a shortened week for investors in observance of the Thanksgiving holiday in the US. The immediate attention will remain on the concerns on the virus front and the state of the global economy. Equ...
Read MoreWeekly Summary – Vaccine Updates and Rising Covid-19 Cases
By Deepta Bolaky @DeeptaGOMarkets Investors welcomed the series of positive vaccine updates across the week against the backdrop of the rapid global surge in the number of coronavirus cases. The sentiment in the financial markets swayed between risk-on and risk-off reflecting the uncertainty of global economic growth following more localised loc...
Read MoreWeek Ahead: COVID-19, Geopolitics, and A Busy Economic Calendar
By Deepta Bolaky @DeeptaGOMarkets Amid the various claims of voting fraud and rigged elections, the former vice-president, Joe Biden who won more than 77 million votes so far, the most ever by a winning candidate, is set to become the next President of the United States. The immediate attention will remain on an orderly presidential transition w...
Read MoreWeek Ahead: US Election Aftershocks, UK GDP, Jobless Claims and RBNZ Rate Decision
By Deepta Bolaky @DeeptaGOMarkets The incumbent President Donald Trump is yet to concede, but former Vice-President is already preparing for his presidency. It is rare for an incumbent President to lose re-election given their ability to influence voters. The last president to lose re-election was George W Bush which was mostly due to an economi...
Read MoreWeekly Summary – A Biden Presidency and A Republican Senate?
By Deepta Bolaky @DeeptaGOMarkets As widely expected, the focus was on the most-awaited political event of the year - US Presidential Election. It is the global event that may potentially affect the global economy, alliances and trade agreements. Unlike any presidential election, the attention was revolving more towards the focus for stimulus an...
Read MoreWeek Ahead: US Election Week
By Deepta Bolaky @DeeptaGOMarkets Without any doubt, the event of the week will be the US election which will take place on Tuesday, the 3rd of November 2020. Amid a busy economic calendar, we will also see more central banks holding their policy meetings. Equity Markets October was another wild month for the stock market driven by geopolitics a...
Read MoreWeek Ahead: US Election Polls, Brexit, ECB Meeting, Q3 GDP, and Tech Giants Earnings Results
By Deepta Bolaky @DeeptaGOMarkets Investors are gearing up for an eventful week with plenty of economic data, big tech earnings and geopolitical events. The predominant themes remain the US election, Brexit negotiations, central banks guidance and the virus woes. Equity Markets Investors will likely continue to monitor the same dominant themes o...
Read MoreWeek Ahead: US Election Polls, Central Bank Speeches, and Flash PMIs
By Deepta Bolaky @DeeptaGOMarkets Risk sentiment remained dampened last week following the chaotic US stimulus negotiations, Brexit woes and the resurgence of coronavirus cases in some parts of the world while vaccine trials suffered major setbacks. Equity Markets Investors will likely continue to monitor the same dominant themes over the follow...
Read MoreWeek Summary – US Stimulus & Politics, Brexit and COVID-19
By Deepta Bolaky @DeeptaGOMarkets It was another wild week driven by geopolitics and COVID-19 updates. Risk sentiment remains fragile dragged by the chaotic US stimulus negotiations, Brexit woes and the resurgence of coronavirus cases in some parts of the world while vaccine trials suffered major setbacks. Stock Market - The Tweet In a pandemic...
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