Global Markets Update Monday 31st December 2018
02 Jan 2019
Global equities fell sharply, with US stocks leading the retreat amid fears of a US government shutdown pushed volatility to its highest level since February. Both US and global equities are on course for their worst year in a decade.
US stocks, in particular, tumbled on Christmas Eve amid concerns that President Trump was considering sacking Fed chair Jay Powell, but recovered these losses on Boxing Day when major benchmarks posted their largest one-day rise in almost 10 years amid White House assurances that the Fed chair's job was safe.
Global Markets Update Tuesday 18 December 2018
18 Dec 2018
Global equities were heartened by news that China will cut their tariff on imported cars from 40% to 15%, but rising concerns over the outlook for global growth following weak data from the eurozone and China weighed on markets as the week progressed.
Global Markets Update Monday 10 December 2018
10 Dec 2018
Stocks were volatile, initially rising on hopes of a trade truce between the US and China before falling sharply on news of the arrest in Canada of the CFO of Chinese telecoms giant Huawei on allegations that she had violated US sanctions against Iran.
Global Markets Update Monday 3 December 2018
03 Dec 2018
The G20 summit got under way in Argentina, with attention focused on a meeting between President Donald Trump and President Xi Jinping where they will discuss the trade dispute between the US and China.
Global Markets Update Monday 26 November 2018
26 Nov 2018
The UK and EU reached a draft agreement on the terms of the Brexit deal. While the deal gained UK cabinet approval, the prime minister faced a growing backlash from both Leavers and Remainers, although the pro-Brexit ERG failed to garner sufficient support to challenge the prime minister.
Global Markets Update Monday 12 November 2018
12 Nov 2018
Global stockmarkets mostly trod water over the week as investors breathed a sigh of relief that the results of the US mid-term elections were broadly as expected.
Global Markets Update Monday 5th November 2018
05 Nov 2018
Having suffered their worst month since 2012 in October, global stocks started November on a brighter note, lifted by hopes of a thawing in US-Chinese trade tensions.
Global Markets Update Monday 29 October 2018
29 Oct 2018
Global stocks plunged amid concerns over trade tariffs, mounting geopolitical risks, global growth and potentially peaking corporate earnings. In contrast, safe havens such as US Treasuries, the Japanese yen and gold rallied.
Technology stocks once again led the sell-off amid fears the sector could be hurt the most by any downturn in global growth.
Global Markets Update Monday 22 October 2018
22 Oct 2018
Investors remained cautious, with heightened diplomatic tensions between the US and Saudi Arabia, as a result of the disappearance of journalist Jamal Khashoggi, adding to ongoing trade war worries, political risks in Italy, Brexit concerns, and more hawkish comments from the US Federal Reserve.
Global Markets Update Monday 15 October 2018
15 Oct 2018
Global stockmarkets made progress amid easing trade concerns despite the news that President Trump had requested aides to proceed with tariffs on a further $200bn of Chinese goods.