The World In A Week – When You’re in a Jackson Hole… Stop Digging
Last week was broadly speaking a risk-on environment, as Equity market valuations pushed ever-higher in their dramatic rebound from the lows experienced in April. The MSCI All Country World Index…
The World In A Week – Summer Lull
Equity markets were buoyant last week, led by the US which hit yet another new high returning to pre-crisis levels; the only exception was the FTSE All-Share which continues to struggle and remains…
The World In A Week – Record Breakers
There was a big focus on data for the UK last week, with unemployment and growth numbers being published. The UK unemployment rate for June was reported at 3.9%. This may prove to be artificially…
The World In A Week – M&A Is The Way
Mergers and acquisitions activity saw a significant resurgence since the pandemic halted the economy back in March. The ability to complete transactions on a non face-to-face basis has not proved to…
The World In A Week – Declining Dollar Dominance?
As we write this piece on the first working day of August, we thought we would take the opportunity to reflect on the month of July. Broadly speaking it was a mixed month, High Yield bonds posted…
The World In A Week – Interim Update
The Federal Reserve concluded its two-day meeting and confirmed, as we fully expected, that the rehabilitation of the US economy will depend largely on the course of the COVID-19 virus. The ongoing…
The World In A Week – The Pain In Spain
The week started buoyantly with markets in a risk-on mood following positive news about vaccine trials and governments ordering doses of the vaccine in their tens of millions. However, this positive…
The World In A Week – Interim Update
President Trump has finally confirmed that things will get worse before they get better, when he delivered an update on the coronavirus in the US. This is not new news, but it may stoke the fire of…
The World In A Week – Simmering Tensions
Markets broadly remained in positive territory last week on the back of encouraging reports from vaccine trials. Data for the second quarter of this year demonstrated that the global contraction has…
The World In A Week – Interim Update
We have had a series of data releases this week ranging from inflation, growth, industrial production, unemployment and retail sales. There was very little new news to be gleaned from the numbers;…
The World In A Week – VAT’s The Way Forward
Last week, the Chancellor, Rishi Sunak unveiled his latest plan to support the economic recovery. As the job-retention scheme begins to unwind, Sunak has pledged to protect the jobs of furloughed…