News

Global markets plunged overnight (S&P 500 Index -3.5%) as Technology stocks suffered a massive reversal, with the Nasdaq Tech index down almost -5% with star performer Tesla giving back -9% and Apple down -8%.

Global markets were lower overnight (S&P 500 index -0.2%), and despite the dip recorded one of its best August gains in three decades.

Global markets were mostly higher overnight (S&P 500 index +0.8%) with US markets reaching new record highs on favourable economic data and as stimulus talks refuelled optimism.

Global markets were higher on Friday (S&P 500 index +0.7%) with US markets at fresh highs and the dollar weakened to a 2-year low as the Federal Reserve’s new inflation approach was digested by global markets.

Investors digested the US Federal Reserve’s new strategy to adopt an average inflation target and restore the United States to full employment.

Global markets were higher overnight (US S&P 500 Index +1.0%) as optimism over potential medical advances in the war against the covid-19 pandemic.

Global markets were mixed overnight (US S&P 500 Index +0.4%) in quiet trade.

Global markets were higher overnight (US S&P 500 Index +1.0%) as Wall street continues to rally to new all-time highs.

In terms of the week ahead, investors will be looking for guidance from the world’s Central Bankers as they meet (virtually) at the Jackson Hole symposium.  The topic this year is “Navigating the Decade Ahead: Implications for Monetary Policy”.