Equities and bonds go separate ways
Global financial markets appreciate the USA’s Thanksgiving holiday, which tends to be the quietest of its unique holidays. Markets can be frenetic in the lead up though, as it proved this week.Although developed market equities were calm in sterling terms, stocks were...
More and more loose ends
We are getting to that time of year when investment houses like us write their annual market outlooks. That is easier to do if the loose threads wrap themselves up before Christmas, but right now the opposite is happening. Uncertainty is growing,...
Reading Trump’s tea leaves
It was an up and down week for global stocks. Markets initially showed confidence in Donald Trump’s tax cut and deregulation agenda – but pulled back when Federal Reserve chair Jay Powell suggested interest rate cuts might have to be gradual. The...
Known winner, unknown outcomes
For the sake of investors, we hoped for a quickly resolved US election, and we got one. Capital markets responded well to Donald Trump’s surprisingly decisive win, with US stocks rallying from Wednesday on. Investors deemed it good news for the US,...
US, not UK battening down the hatches
Rachel Reeves’ autumn budget dominated the UK news this week, but global investors were yet again preoccupied with the US election. Both created market jitters for UK investors, culminating in a noticeable fall in global stock prices on Thursday. We wrote last...