Weekly market review

  • iStock-497318682
    Market analysis

    OPEC falls short of investor hopes

    With trading relatively quiet, European markets were flat overall. However, emerging countries rose by close to 1% and US markets actually hit fresh highs.

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  • iStock-469859873
    Market analysis

    Trump and Brazil spoil the party

    After a month of strong performance from global equities, the MSCI World in local currency had its worst down week since Donald Trump’s election.

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  • RemunerationDirigeant
    Market analysis

    Profit taking after Emmanuel Macron's victory

    Equity markets edged lower on profit taking after Emmanuel Macron’s victory in the French presidential elections.

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  • ThinkstockPhotos-488526946
    Market analysis

    Lots of news

    For many markets it was a short holiday week but there was lots of news.

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  • iStock-459063935
    Market analysis

    A very buoyant start

    The week got off to a very buoyant start. The French presidential first round results sent eurozone systemic risk lower. And the other good news came from indications that economic momentum in the zone was still improving.

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  • iStock-183854648
    Market analysis

    Special Flash: French elections

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  • electeur-courbes
    Market analysis

    Uncertainty takes hold

    The most professional polls on the French presidential election outcome are suggesting a number of possible combinations for the second round play-off. And naturally, volatility has resurfaced on markets.

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  • AdobeStock_35684204
    Market analysis

    Resurgence of the political risk

    Equity markets marked a pause in a short Easter-week with most stock markets closed for Good Friday. And yet behind the calm facade, equity volatility rose as investors sought to hedge positions against a possible drop.

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  • ThinkstockPhotos-151533661
    Market analysis

    Mario Draghi sticks to his guns

    Equity and bond markets edged higher over the week. The big news items were the Fed’s minutes and Mario Draghi’s statements. The Fed suggested that it might no longer reinvest coupon payments if the US economy continued to pick up speed.

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  • Growth  (10)
    Market analysis

    No improvement in market visibility

    There was no improvement in market visibility this week. In the US, relations between the Trump administration and Congress are turning out to be quite complicated. The bill to replace Obamacare had to be withdrawn after the Republican Party’s right wing criticised it for not being bold enough.

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    Market analysis

    Increased nervousness

    Equity market trading was more nervous with the US and Japan losing ground and Europe and emerging markets treading water. Worries over Donald Trump’s electoral promises surfaced after the new administration struggled to pass its new Healthcare bill.

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  • AdobeStock_95260117
    Market analysis

    Equity markets push higher

    Equity markets rose for the second week in a row with Europe and some emerging markets leading the trend.

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  • ThinkstockPhotos-144366870
    Market analysis

    Fed rate hike is fully discounted by the market

    All eyes were on the ECB’s monetary committee meeting last Thursday and on the looming FOMC meeting on March 14/15. Last week, Janet Yellen’s comments reinforced investor expectations that rates would rise next week.

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  • ThinkstockPhotos-534920643
    Market analysis

    Excessive enthusiasm?

    It was a good week for equity markets, especially in Europe which had been drifting lower for weeks. The global economic environment and earnings outlook remained encouragingly upbeat.

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    Market analysis

    Investors are still in wait-and-see mode

    As investors kept a close eye on shifts in European political risk, especially in France, economic data confirmed that the outlook for growth and inflation was on an uptrend.

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  • iStock-526085743
    Market analysis

    A surge of optimism

    Europe will continue to enjoy economic growth judging from the European Commission’s decision to raise its forecasts. And with the Philly Fed index back to a 1984 high, momentum is also strong in the US. Growth drivers are still US consumers - retail sales rose again - and the reinforcement of the reflationary trade.

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  • AdobeStock_75253397
    Market analysis

    Political risk returns

    In spite of reassuring macro data on Germany’s industrial orders, surveys on French sentiment and US activity as well as rather solid company results, equity markets continued to hesitate over the elements in Donald Trump's programme relating to protectionism, fiscal stimulus and deregulation.

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  • visuel-fleches-gauche-droite
    Market analysis

    Directionless markets

    Markets were generally directionless over the week. Economic data and surveys, like the rebound in January’s ISM to 56, showed that the global economic recovery was still in place.

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  • iStock-502777250
    Market analysis

    The earnings season is in full swing

    Donald Trump’s inauguration speech was in similar vein to his electoral campaign. His initial decrees will press for reduced regulation and higher infrastructure spending (Obamacare reform, rekindling of the USA-Canada pipeline project) but also more protectionism via the construction of a wall with Mexico and the...

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  • visuel-actu-traders
    Market analysis

    A climate of tension

    Markets have flat-lined since the middle of December, bonds markets have calmed down and the US dollar has lost 2%. Investors have partly discounted any economic and earnings momentum from Donald Trump’s measures, notably lower corporation tax and reduced levies on capital repatriation.

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