Market Update
Weekly Market Update
Notable events over the last week Last week marked the official start of the Q3 earnings season and whilst the majority of reported earnings have beaten expectations many companies are wary of the headwinds which lie ahead. Of the 57 S&P 500 companies to have reported, 75% have beaten on EPS by an average of…
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Notable events over the last week
Thursday saw the release of September’s FOMC meeting minutes which supported the committee’s decision to leave rates on hold for yet another month. All but one of the members voted against an increase and the minutes reiterated that ‘lift-off’ was dependant on future developments in the economy. Fed Vice-Chair Fischer highlighted the ‘considerable uncertainties’ around…
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Weekly Market Update
UK equities contracted -2.7% in September (total return, Sterling terms), as markets experienced another month of sell-offs following a downbeat August. Once again risky assets succumbed to global emerging market growth concerns and tightening in global financial conditions. On a global scale, equity market returns in September (in local currency terms) were negative throughout, with…
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End of September Review
The overall market scenario for the last week looks good in the developed economies, with the unemployment levels declining and the headline inflation touching almost zero. However, it is important to note here that global growth is weighed upon by the performance of developing economies. In terms of the stock market performance for the…
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Weekly market review (End of Q3)
Starting with the US; last week figures were released saying the economy expanded at an annual rate of 3.9% rather the 3.7% in Q2. This is due to strong consumer spending business investment and residential construction. Recent data in the US shows that new home sales surged to the highest levels since 2008. US Manufacturing…
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Weekly update
After many weeks of anticipation the US central bank decided not to increase interest rates, with 9 out of 10 members voting to keep rates with their current 0 – 0.25% target. The general viewpoint for rates remaining as they are is that recent economic activity could put pressure on inflation without an interest rate…
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