Review of the Week
In one of our recent weekly updates, we provided reasons why gold has performed so well of late. A weakened US dollar, coupled with ‘real’ inflation-adjusted interest rates and government bond yields at low or negative levels, recently helped gold break $2,000 an ounce for the first time. However, it has not gone unnoticed that silver has also been on a good run and we feel that the reasons why are likely to continue for some time to come.
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Global equity markets were mixed this week. They rose slightly in the US, where the S&P500 hit a new record high, rising by 54% from the lows of March 23 to exceed the record it set back in February. The Nasdaq also hit a new high this week while Apple became the US’s first $2trn company.
Equities in Europe and the UK drifted lower over the week on news of rising coronavirus cases in Europe, and a downbeat… Continue reading
Global markets have risen this week as new coronavirus cases fell in the US and Donald Trump signed an executive order ex- tending extra unemployment benefits to millions of Americans, albeit at a lower rate of $400 a week. Although the order could face a legal challenge from Democrats who are insisting on higher payments, markets rose on the news. The S&P500 briefly rose above its record high set in February, the oil price rose but the price… Continue reading
Global equity markets largely pushed higher this week on positive economic data. The Nasdaq hit a record high, as did the gold price, while the S&P500 is just 1% below its February peak.
Markets in the UK, Europe, US and Asia all rose on Monday, as surveys of manufacturing businesses in the US, UK and Europe suggested that manufacturing activity was increasing. The FTSE100 saw the largest daily increase, jumping by 2.3% on Monday, pushing back up through… Continue reading