End of euphoria, back to normal?
Equity markets hit all-time highs on Tuesday and Wednesday, including a 1.5% gain for US stocks. But Microsoft’s earnings pushed the US back to where it started the week. The US tech giant’s spending and revenue figures reignited fears about an AI...
Weak links in the outlook
After a roller coaster week, markets end just a bit lower than when we started. Equity indices were mixed in their own currency terms. US investors will see their markets as slightly down, but US returns will look worse for international investors,...
Are markets right to be relaxed?
Markets have continued their strong and broad-based start to the year. US threats on Greenland cooled a little into the end of the week, allowing regional politics to take focus. Japan’s Prime Minister announced a snap election next month, which weakened the...
Optimism prevails
Global stock markets have started the year well, with most gaining during the first two weeks. The FTSE 100 broke through the 10,000 level last Friday for the first time in its history. Encouragingly, small and mid-cap stocks have led the rally,...
A quiet break from the new normal
We have crossed from the old to the new year with a bit of cheer. While US equity markets have marked time, Europe’s broad market has hit a new high, and the FTSE 100 traded above 10,000 this morning. China traded the...