Global Markets Update

Global Markets Update Monday 15 October 2018

15 Oct 2018
Global Markets Update Monday 15 October 2018
Global stockmarkets made progress amid easing trade concerns despite the news that President Trump had requested aides to proceed with tariffs on a further $200bn of Chinese goods.

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Global Markets Update Monday 08 October 2018

08 Oct 2018
Global Markets Update Monday 08 October 2018
Stronger US economic data led to a sharp sell-off in global bonds, causing stock markets to weaken. Global M&A activity hit $3.3 trillion in the first nine months of 2018, surpassing the previous record set just before the financial crisis in 2008. During the final week of September, Michael Kors offered $2bn for Italian fashion house Versace, while Barrick Gold bought Rangold Resources in a $66bn deal.

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Global Markets Update Tuesday 25 September 2018

25 Sep 2018
Global Markets Update Tuesday 25 September 2018
The classification of some of the favoured FAANG stocks was changed as of 21 September, with the telecoms sector of the S&P 500 being renamed and expanded to include all ‘communication services’ stocks. Companies such as Netflix, Comcast and Walt Disney are moving from consumer discretionary into the new sector and will be joined by Alphabet, Facebook and Twitter from the information technology sector. On 28 September, MSCI is following suit, meaning Chinese stocks Baidu and Tencent are moving from information technology to communication services, as are NetEase and South Korea’s Naver, while Alibaba, often viewed as China’s Amazon, is moving from information technology to consumer discretionary. Meanwhile, Naspers, a South African media company that owns a large stake in Tencent, is also moving to communication services.

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Global Markets Update Monday 17 September 2018

17 Sep 2018
Global Markets Update Monday 17 September 2018
Global stockmarkets made progress amid easing trade concerns despite the news that President Trump had requested aides to proceed with tariffs on a further $200bn of Chinese goods.

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Global Markets Update Monday 10 September 2018

10 Sep 2018
Global Markets Update Monday 10 September 2018
US shares hit fresh highs, but elsewhere markets were generally weak as the sell-off in emerging market currencies continued.

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Global Markets Update Monday 20 August 2018

20 Aug 2018
Global Markets Update Monday 20 August 2018
Stockmarkets remained nervous as the Turkish lira declined further towards the end of the week, sparking fears of broader issues in emerging markets.

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Global Markets Update Monday 14 August 2018

14 Aug 2018
Global Markets Update Monday 14 August 2018
Global stockmarkets weakened as the week progressed amid a deepening financial crisis in Turkey. Rising risk aversion hit banks in particular. In contrast, core government bond yields fell.

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Global Markets Update Monday 6 August 2018

06 Aug 2018
Global Markets Update Monday 6 August 2018
Investors remained jittery after trade tensions escalated. China said it will impose new tariffs on $60 billion of US imports, including aircraft and liquefied natural gas, in response to Donald Trump’s threat to raise the rate of threatened tariffs on $200 billion worth of Chinese exports to 25%, up from an original proposal of 10%.

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Global Markets Update Monday 30 July 2018

30 Jul 2018
Global Markets Update Monday 30 July 2018
Donald Trump and European Commission chief Jean-Claude Juncker announced a "new phase" in EU-US relations. In a joint statement, they agreed to "work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods”.

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Global Markets Update Monday 23 July 2018

23 Jul 2018
Global Markets Update Monday 23 July 2018
Japan and the EU signed the world’s largest bilateral trade pact. The deal creates a trade zone covering about a third of global GDP. The agreement must be approved by the European and Japanese parliaments before it can pass into law. Meanwhile the IMF warned that tariffs could reduce global growth by 0.5% by 2020.

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