Review of the Week
Global share markets have fallen slightly this week amid concerns about surging coronavirus cases worldwide, and in particular a record number of new infections in the US as it opens up its economy. Fresh outbreaks in Germany, Spain and China have also led to a reintroduction of localised lockdowns and fears of a second wave.
On Monday, equities in the UK and Europe closed lower. The FTSE100 and Eurostoxx600 both closed down by 0.76%, although in the US,… Continue reading
Global share markets have continued their rebound from last week’s sharp losses as investors have focused more on improving economic data than worries about a possible second wave. The UK mar- ket started the week on a low as news about rising cases dominated headlines. The FTSE100 fell by 0.66% to 6,064.7.
On Tuesday, markets surged on news that the US was considering another stimulus package, this time an infrastructure programme worth $1trn. In addition, the Federal Reserve… Continue reading
The remarkable rebound rally from the stock market lows of March 23 has stumbled this week. Markets around the world have trended down since Monday although in the US, the tech-heavy Nasdaq hit a fresh record high on Tuesday, with the market cap of Apple and Microsoft’s both topping $1.5trn for the first time. Tesla shares also hit a record $1,000 on Wednesday. More broadly, however, investors have been pressured by a stream of bearish economic forecasts and… Continue reading
Global share markets have continued their extraordinary rally this week, with the S&P500 in the US notching up its best ever 50-day streak. US shares are now up 40% from their March lows while global shares are up 36%. There are plenty of risks that markets could suffer another short-term setback, not least the escalating geo-political tensions between the US and China and the chance of a second wave of the coronavirus. But markets are now being led… Continue reading