FWD Latest Thoughts, Research and Ideas

Global Markets Update Monday, 15 June 2020

15 Jun 2020
Global Markets Update	Monday, 15 June 2020
Global stockmarkets fell and bonds rose as investors were unnerved over the Fed’s gloomy outlook for the US economy, as well as signs that US cases of Covid-19 were rising in states in the south and west that have eased lockdowns.

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Global Markets Update Monday, 8 June 2020

08 Jun 2020
Global Markets Update Monday, 8 June 2020
Global stocks rallied amid growing optimism over economic recovery, overcoming concerns over rising racial protests and ongoing heightened tensions between Beijing and Washington. In contrast, global bonds retreated as yields rose amid waning risk aversion.

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Global Markets Update Monday, 1 June 2020

01 Jun 2020
Global Markets Update Monday, 1 June 2020
Travel and leisure stocks, among the worst hit since the coronavirus crisis began, rebounded as European economies started to re-open without any apparent second wave of infections. Tui shares rose 40% over the week, while Cineworld shares rose 45%. Many US states also eased lockdowns, with the number of daily US fatalities hovering around the lowest level in about two months.

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Global Markets Update Monday, 25 May 2020

26 May 2020
Global Markets Update	Monday, 25 May 2020
Global equity markets rallied, helped by optimism over a Covid-19 vaccine, indications that central banks were prepared to offer more support and signs that economic activity had improved in countries that had eased lockdowns.

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Global Markets Update Monday 18 May 2020

18 May 2020
Global Markets Update Monday 18 May 2020
Global stocks were unsettled by renewed tensions between the US and China. Additionally, optimism about the relaxation of lockdowns across the US and Europe was tempered by new clusters of virus outbreaks in countries such as South Korea and China and central bank warnings of a protracted economic recovery.

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Global Markets Update Monday, 11 May 2020

11 May 2020
Global Markets Update	Monday, 11 May 2020
Global stocks rallied, looking beyond dismal economic data, as Spain, Italy and India tentatively eased economic and social restrictions and let some businesses resume operations this week, while more US states began to lift lockdowns.

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Global Markets Update Monday 4 May 2020

04 May 2020
Global Markets Update Monday  4 May 2020
After strong gains in April, global stocks closed the week with relatively flat returns. Many European countries either gradually eased lockdown measures or announced plans to do so within the next two weeks as fatalities continued to fall steadily. While the number of US cases appeared to plateau, Brazil and Russia saw new infections rise sharply.

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Global Markets Update Monday 27 April 2020

27 Apr 2020
Global Markets Update Monday 27 April 2020
A Chinese trial of remdesivir, a drug made by Gilead Sciences that had been touted as a possible treatment for COVID-19, showed the treatment did not improve the condition of patients or reduce the pathogen’s presence in the bloodstream, according to draft documents published accidentally by the World Health Organisation. Global trade fell 2.6% in February compared with the same month the previous year, the fastest pace of decline since the financial crisis. Compared with January, global trade fell 1.5%, the second consecutive contraction this year as global trade volumes had already been slowing as a result of last year’s trade war between the US and China.

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Global Markets Update Monday, 20 April 2020

21 Apr 2020
Global Markets Update Monday, 20 April 2020
The IMF warned of the worst global economic outlook since the Great Depression, with output losses this year expected to far exceed those that followed the financial crisis of 2008.

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Global Markets Update Monday 13 April 2020

14 Apr 2020
Global Markets Update Monday  13 April 2020
The MSCI All Countries Index rallied 10% over a foreshortened week, its biggest weekly rise in almost 12 years. The number of COVID-19 daily fatalities continued to fall in Italy and Spain, with the latter starting to lift lockdown measures by allowing non-essential factories to re-open. Denmark, Austria and the Czech Republic also plan to relax social distancing measures. However, fatalities in the US and UK continued to increase: breaching 22,000 and 10,000 respectively.

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