Market Update - Week to 7th August 2020

Monday 10th of August 2020

Global equity markets rebounded slightly last week.  In fact, the Dow Jones 30 enjoyed gains each day last week.

 

 

Weekly performance up to 7 August 2020

FTSE 100 (UK)

+2.3%

Dow 30 (US)

+3.8%

Euro Stoxx 50 (Europe)

+2.5%

Nikkei 225 (Japan)

+2.9%

 

In terms of £ Sterling, it closed the week (to 7 August), at 1.31 US Dollars, which was 0.3% lower than the figure at the end of the previous week (31 July).

 

Against the Euro, £ Sterling closed on 7 August at 1.1...


Market Update - Week to 31st July 2020

Monday 3rd of August 2020

July was a mixed month for global equity markets.  Excluding the United States, most global equity markets fell as increasing coronavirus cases and the consequential economic impact caused uncertainty.

 

Although coronavirus cases are rising in several US states, particularly in southern states that were initially reluctant to enforce lockdowns or mandate the wearing of masks, equity markets are being buoyed by the results of the large tech companies.

 

The Dow Jones 30 increased by 2.4% in July but this was surpassed by the tech-heavy N...


Market Update - Week to 24th July 2020

Tuesday 28th of July 2020

Global equity markets had a difficult week as markets reacted to tensions between the United States and China.

The situation between the United States and China has been brewing recently.  Tensions have been on the rise in relation to Hong Kong as the Chinese government is tightening its control over the region.  Last week, the US government closed a Chinese consulate in Houston, and as a response, the Chinese government ordered the US consulate in Chengdu to close.

 

Weekly   performance up to 24 July 2020

FTSE 100  ...


Market Update - Week to 17th July 2020

Monday 20th of July 2020

Global equity markets had a positive week following encouraging early results from clinical trials have raised hopes for an effective coronavirus vaccine.

 

Early results from two trials in the United States, run by the pharmaceutical giant Pfizer and biotech company Modern, suggest both their vaccines produce a good immune response in volunteers.

 

The same is expected when data is released this week from Oxford University.  Its vaccine is designed to stimulate two parts of the immune system - producing neutralising antibodies and T-cel...


Market Update - Week to 10th July 2020

Tuesday 14th of July 2020

Global equity markets saw only modest gains and losses last week.

 

 

Weekly   performance up to 10 July 2020

FTSE 100   (UK)

-1.0%

Dow 30   (US)

+1.0%

Euro   Stoxx 50 (Europe)

+0.1%

Nikkei   225 (Japan)

-0.1%

 

In terms of £ Sterling, it closed the week (to 10 July), at 1.26 US Dollars, which was 1.1% higher than the figure at the end of the previous week (3 July).

 

Against the Euro, £ Sterling closed on 10 July at 1.12 Euros, which was 0.6% higher than the ...


Summer Statement

Thursday 9th of July 2020

In March, Rishi Sunak unveiled “one of the largest and most comprehensive economic responses in the world” to protect the UK’s population against the impact of coronavirus. The £160bn plan, the Chancellor said, was just the first stage of the government’s response to the pandemic. Four months later, on 8 July, the Chancellor stepped up once again to reveal the second phase, “a plan for jobs”.

In his speech, Mr Sunak did not shy away from the “profound economic challenges” facing the nation. He revealed that, in just two months, the economy ...


Market Update - Week to 3rd July 2020

Monday 6th of July 2020

Global equity markets wrestled with mixed messages last week as positive economic data was suppressed by rising new coronavirus cases in certain parts of the United States and elsewhere.

 

 

Weekly   performance up to 3 July 2020

FTSE 100   (UK)

-0.0%

Dow 30   (US)

+3.2%

Euro   Stoxx 50 (Europe)

+2.8%

Nikkei   225 (Japan)

-0.9%

 

In terms of £ Sterling, it closed the week (to 3 July), at 1.25 US Dollars, which was 1.2% higher than the figure at the end of the pr...


Market Update - End of June 2020

Thursday 2nd of July 2020

During June, most global equity markets rose despite rising daily rates of new coronavirus cases, especially in the United States, which dampened some of the optimism about the speed of an economic recovery.  It was reported that 12 states, including Florida, Texas, California and Arizona, have reversed re-opening plans and implemented tighter restrictions to prevent a further spread of the virus.

 

June’s performance helped the FTSE 100 record its best quarterly performance since 2010, gaining 8.8%.

 

It was a similar positive headline ...


Market Update - Week to 26th June

Monday 29th of June 2020

Most global equity markets fell last week on the back of rising daily rates of new coronavirus cases in the United States.  According to reports, United States saw a single-day record rise of 37,000 in infections on Thursday, led by Florida, Texas, California and Arizona, surpassing the 36,188 level from back in April.

 

This has seen the Governors in Texas and Florida ordering all bars to close again on Friday, making the states the first to reverse some reopening measures after months of lockdowns.

 

 

Weekly   performance...


Market update - week to 19th June 2020

Monday 22nd of June 2020

Global equity markets had a largely positive week on the back of a general feel-good factor about economic data, central bank action and a sense of an earnings recovery later in the year

 

 

Weekly   performance up to 19 June 2020

FTSE 100   (UK)

+3.1%

Dow 30   (US)

+1.0%

Euro   Stoxx 50 (Europe)

+3.7%

Nikkei   225 (Japan)

+0.8%

 

In terms of £ Sterling, it closed the week (to 19 June), at 1.24 US Dollars, which was 1.5% lower than the figure at the end of the p...


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