Review of the Week
Equity markets have been mixed this week. Big tech has been a drag in the US, along with continued ‘taper talk’ about the likely winding down of quantitative easing in the US by the end of the year.
The UK and Europe, with their sizeable exposures to sectors that benefit from economic reopening, have eked out gains. The FTSE100 rose by 0.82% on Tuesday and the European Stoxx 600 hit an all-time record high on optimism about a… Continue reading
Global equities went on a rollercoaster ride this week after rising inflation and a cryptocurrency crash spooked investors.
Most indices started the week in the red as the spread of the Indian variant of Covid-19 raised concerns about the relaxation of lockdown measures. The FTSE 100 slipped 0.2%, while the Nasdaq declined 0.4% amid ongoing jitters caused by last week’s surprise surge in US inflation.
The FTSE 100 managed a brief recovery on Tuesday on better- than-expected UK… Continue reading
Global stock markets tumbled this week after higher-than- expected US inflation figures rattled investors.
US indices started the week in the red amid a renewed rotation out of growth stocks towards higher-yielding value stocks. The tech-heavy Nasdaq slumped 2.6% in its worst session since March, and the S&P 500 declined 1.0%.
On Tuesday, the UK’s FTSE 100 sank 2.5% to end the session below the 7,000 mark. The pan-European STOXX 600 slid 2.0%, led by steep declines in… Continue reading
Several stocks markets edged higher this week as investors cheered positive economic data on both sides of the Atlantic.
Most US and European indices started May in the green, with the S&P 500, the Dow and the STOXX 600 adding 0.3%, 0.7% and 0.2%, respectively, on Monday.
Stocks slumped the following day after US Treasury secretary Janet Yellen said a modest increase in interest rates could be on the cards. The FTSE 100, which was closed on Monday… Continue reading