October 25, 2020

Last week, the 33rd anniversary of "Black Monday", global stocks except Asian equities declined modestly. The headline news, from U.S. presidential election to vaccine reality check with new restrictions in place, were dominating the market....

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October 18, 2020

Last week equity market oscillated between positive and negative territory, reflecting tug of war between encouraging earnings, which have been kicked-off with U.S. banks, and concerns over new lockdowns and restrictions amid the pandemic. Chinese stocks advanced the most, followed by U.S. equities, while their European peers lost their earlier gain in the week....

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October 11, 2020

Last week, global stocks climbed, and they scored their best weekly gain since early July. Thanks to positive news about President Trump’s health condition and the anticipation of a new stimulus in U.S., despite shaky negotiations. Market will stay nervous about politics, i.e. U.S. presidential election, in the coming weeks. In our view, policies will …

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October 04, 2020

Last week major global stocks managed to finish higher, although the market drifted lower, on Friday, after the news that President Trump and the First Lady tested positive for Covid-19. In our view, this news will have behavioural effects on consumers, who were getting ready to get back to normal economic activities and will question …

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September 27, 2020

Last week global stocks fell. The root cause of this pull back in stocks was, in our view, the recalibration of lofty expectations about the pace of recovery. That said, market was hit with headlines from rising U.S.-China trade tensions, reality check of having a Covid-19 vaccine by end of the year, disappointing job data …

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September 20, 2020

Fall ousted summer already last week, making to remember the traditional seasonal changes. Major global stocks finished mixed as European and Asian stocks outperformed their American peers. U.S. stocks hit the lowest level since beginning of August, driven by weakness of technology stocks that have an influential size on major indices....

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September 13, 2020

Last week, global stocks finished mixed with U.S. equities lagging European's peers for the first time since pandemic started, as the technology tail was wagging the U.S. stock market dog, once again. Still, expectations for the tech sector are high as it is backed by strong profits, low debts, and durable business models. Our analysis …

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September 06, 2020

Last week, the market sell-off suggests that the "Bloom is off the Rose" and Nasdaq, U.S. tech heavy index, will take the brunt of that change of heart. September trading is back with volatility, but not above the expected range, in our view. After the March market bottoming, stock market had a steady path higher, …

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August 30, 2020

Stocks managed to finish higher, last week, and bring an unusual summer to an end in a positive note. The S&P 500 had its best August in 34 years, as the index is up almost 57% from its March 23rd low. The U.S. Federal Reserve set a new policy framework with its dovish tone; here …

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August 23, 2020

Last week, major global stocks finished lower with the exception of the S&P 500 and SMI. The S&P 500 edged up and passed its pre-pandemic record high, thanks to technology stocks hitting new record highs. Global economic data and corporate earnings signaled a recovery, albeit mixed. U.S. and European Markit PMI series, for both manufacturing …

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August 16, 2020

Last week, global stocks gained although they faced some reality checks. European stocks declined due to fresh U.K. travel restrictions as virus cases rose, and U.S. stocks pulled back from their record highs amid disagreements on the new stimulus package and postponing the U.S.-China trade talk over the weekend. However, European equities beat U.S. peers …

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August 09, 2020

Last week, major global indices advanced with better than expected economic data and improved trends in coronavirus cases. The U.S. economy added 1.76 million jobs in July, beating estimates and showing positive developments of the labour market and economic recovery. However, the unemployment rate is at 10.6%, the level that had been reached in the …

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August 02, 2020

Last week, global GDPs from U.S. to Europe were released, posting the sharpest quarterly downturn on record, driven by shutdown policies to combat the pandemic. On the bright side, the negative GDPs mostly were better than estimated. The three big U.S. tech companies, i.e. Amazon, Apple and Facebook, released their results which were significantly better …

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July 26, 2020

Last week, stocks tumbled to the lowest level in a week on concerns over an escalation in U.S.-China tensions as well as the unexpected rise in U.S. jobless claims. On the positive side, European Union leaders agreed on a $750 billion stimulus package to help member states milder the economic downturn. Below we summarise questions …

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July 19, 2020

Last week major global stocks finished higher with light summer trading, courtesy of vaccine optimism and positive economic data. In U.S. retail sales jumped more than 7%, close to its pre-virus level and industrial production increased the most since 1959. In Europe, stocks benefited from renewed investor popularity. Fund managers "bought Europe on fiscal stimulus", …

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July 12, 2020

Last week major global indices impressively closed higher, against the rise of Covid-19 cases in the U.S sunbelt states and increasing tension between U.S. and China. On Thursday, equities were shaken and bonds boosted amid some risk-off jitters. But, on Friday, equity rallied led by technology and long-term growth stocks, while Treasuries retreated with the …

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July 05, 2020

Last week, stocks ended June and started the third quarter on a high note. Better than expected economic data and more promising medical development for Covid-19, as well as optimism over fiscal stimulus and an economic recovery largely overcame fears of a second wave of the coronavirus outbreak....

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June 28, 2020

Last week, stocks plummeted to two weeks low amid second wave of virus and economic recovery concerns. The Stock market has priced in a V-shape economic recovery, so anything that threatens such a premise could increase volatility. European PMI data was promising as it indicated a V-Shape recovery, versus U.S. macro data which offered a …

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June 21, 2020

Last week, global stocks rebounded on better than expected economic data and optimism of new stimulus. Below, we summarized what mattered the most for the market: • U.S. retail sales jumped by about 18% – a record monthly increase, which signals economy is rebounding from depressed level. • Trump administration announced a $1 trillion infrastructure …

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June 14, 2020

Last week, global stocks started and finished the week well, but saw a dramatic sell-off in between, amid concerns over a second wave of coronavirus infections and doubts about a rapid economic recovery. Also, market reacted to the Federal Open Market Committee, FOMC, which called the outlook highly uncertain and with "considerable risks” and acknowledged …

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