Markets last week After two dreadful weeks previously, the last few days have been something of a relief. Perversely, it was bad economic news that drove the change in direction – that and a very oversold position in many assets. From the worries about inflation and the pace of central banks’ reaction to it that…
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Markets last week Last week was easily the worst for quoted assets in the volatile markets we have seen this year. It is fair to say that no investment was spared: equities, bonds, commodities. Even the almighty energy sector which has been providing the only positive equity returns this year, was completely trashed, slumping 15%…
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Markets last week Risk markets suffered another major drop last week, through a combination of higher bond yields, weaker surveys, a surprising inflation surge in the US and heightened fears of central bank tightening going beyond current expectations. In the UK, economic growth turned negative in April with all sectors in the red. The European…
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Markets last week The week was curtailed by the US Memorial Day holiday on Monday and the UK Jubilee holiday on Thursday and Friday. In addition, many European countries are on holiday today. Euro-area consumer and producer prices climbed to yet another record and piled more pressure on the European Central Bank (ECB) to act.…
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