Global Markets Update Monday, 10 August 2020
11 Aug 2020
Tensions between the US and China rose again after President Trump unveiled executive orders targeting popular social media apps TikTok and WeChat. The US administration also re-imposed a 10% tariff on imports of some Canadian aluminium, which responded with tit-for-tat measures of its own.
Global Markets Update Monday, 3 August 2020
03 Aug 2020
Stockmarkets weakened as dismal second-quarter GDP data in the US and eurozone underlined the extent of the COVID-19 related recession
Global Markets Update Monday, 27 July 2020
27 Jul 2020
Global equities lost ground amid rising diplomatic tensions between America and China.
Global Markets Update Monday, 20 July 2020
20 Jul 2020
Global equities rallied, supported by expectations of further stimulus in the US and Europe.
Global Markets Update Monday, 13 July 2020
13 Jul 2020
Investors shifted into haven assets as global COVID-19 cases continued to rise sharply in southern and western US states, as well as Latin America. Tokyo also saw a surge in new infections, whilst Hong Kong shut schools to control a fresh outbreak.
Global Markets Update Monday, 6 July 2020
06 Jul 2020
After record second-quarter returns, global stocks started July on a strong footing as better-than-expected US jobs data helped investors look beyond a sharp rise in new COVID-19 infections in the US and Latin America.
Global Markets Update Monday 29 June 2020
29 Jun 2020
Global stocks slid on news of a sudden spike in COVID-19 cases in southern and western US states. Renewed trade friction between the US and Europe also knocked investor sentiment.
Global Markets Update Monday, 22 June 2020
22 Jun 2020
Global stock markets rebounded over the week, putting them on course for the best quarterly returns in a decade. This comes despite news of Germany and China suffering new COVID-19 outbreaks and a rise in US daily infections. Brazil and India also continued to see sharply rising COVID-19 infections.
A cheap steroid, dexamethasone, was found to cut the death rate of the most seriously ill COVID-19 patients on ventilators by one-third, and by one-fifth in patients receiving oxygen. This is the first proven treatment for severe COVID-19 cases.
Global Markets Update Monday, 15 June 2020
15 Jun 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.
Global Markets Update Monday, 8 June 2020
08 Jun 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.