Market Update

News this past week:

  • Oil prices declined just over 2.5% last week
  • Drop in global government bonds accelerated
  • G20 summit shows the divide between the US and others
  • UN security council hold an emergency session in response to North Korea
  • Global stocks jumped and are still at near record high

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Market Update

News this past week:

  • Oil prices climb around 5% last week
  • Volatility makes a comeback moving to 10.9 on the VIX index
  • Global equities trading near record highs
  • Technology stocks under pressure with continued sell offs
  • Central banks adopt a hawkish tone around fiscal tightening

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Market Update

News this past week:

  • Macron becomes youngest ever elected French President
  • Strong April jobs report points to robust US labour market
  • Eurozone economy grows 0.5% in first quarter
  • Greece agrees bailout terms with creditors
  • Volatile week for commodity prices

Macron

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Weekly Market Update

  • UK market hits twelve consecutive days of record highs
  • Sterling dips ahead of PM May’s Brexit speech
  • Dollar retreats following Trump press conference
  • Chinese trade data shows fall in exports
  • US small business confidence soars

James Klempster (CFA) of Momentum Global Investment Management shares his view:

As Barack Obama’s presidency began in January 2009 – deep in the market sell-off following the global financial crisis – it was reasonable to presume that his job was at best thankless and at worst almost impossible.  Yet, in many ways history may well tell us that his job was simple in comparison to that of his successor.  Obama rode to victory on a tide of optimism and expectation that set him apart starkly from George W. Bush.  Obama’s youth and eloquence stood him apart from the man he replaced.  During that time tensions and the risk of policy missteps were high, but equally expectations were low due to the volume of bad news.

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