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Late summer heatwave Global stocks have turned things around from the early August sell-off. Up until the end of last week, the gains of the recovery were strong and remarkably stable. Last week’s main capital markets event was Federal Reserve chair Jerome...

Tornado rather than hurricane The market storm looked like it would become a hurricane in early August, but it ended as fast as whirlwind: stocks climbed last week without hesitation. Positivity is good, but a little unnerving. Our medium-term outlook is bright,...

Market correction turns into pothole Last week started with some of the worst stock market losses in nearly two years – prompted by recession fears and Japanese liquidity problems – but ended with most of those losses recovered. Volatility spiked across most...

Central bank week Another nervy week for investors: a slew of interest rate decisions, weak US employment data and disappointing Q2 earnings reports from US tech firms (including nasty results from Intel, which laid off 15,000 employees. On the central bank front,...