City A.M. TV: Daily Market Snapshot (video) March 29, 2021 It’s been a fascinating two weeks, initially building up to the Fed meeting (with the statement and updated ‘dot plots’ released on 17 March), and then dealing with the aftermath last week. As is typical of forward looking markets, they rallied into the dovish Fed announcement, peaking just after the Q&A in the press conference. Since [...]
City A.M. TV: Daily Market Snapshot (video) March 26, 2021 Since the Fed’s reiteration of its super dovish stance last week (Wednesday), global markets have struggled, up until yesterday. With that, there has been marked rotation out of many of the recently popular (reflation) trades and into unloved parts of the global markets. Many of the key mid cap country equity indices, for example, have [...]
City A.M. TV: Daily Market Snapshot (video) March 25, 2021 Risk aversion continued to work its way through global financial markets yesterday.
Suez Canal: Rescue mission to recover ‘beached whale’ ship could take weeks March 25, 2021 Suez Canal latest: Ever Given rescue efforts restart with traffic still blocked
Concerns over prolonged restrictions as looming third Covid wave overshadows upbeat PMI data March 24, 2021 Mounting concerns about a third wave of Covid-19 cases across the UK and Europe are adding to expectations that economies may reopen later than initially predicted. The shift in market sentiment is weighing on stocks as they are extending losses with covid concerns even overshadowing today’s upbeat PMI data. “Fears over the impact of tighter [...]
City A.M. TV: Daily Market Snapshot (video) March 24, 2021 The rotation out of the recent winners (especially the ‘reflation trades’) continued yesterday. In particular, the oil price was sharply lower (-6%); bond yields continued to ease, with the US 10 year yield off again (by 6bps); and the Russell 2000 was notably weak (-3.6%, i.e. given its ‘reflation’ and energy exposure). On this occasion, [...]
City A.M. TV: Daily Market Snapshot (video) March 23, 2021 City A.M. TV: Daily Market Snapshot (video)
City A.M. TV: Daily Market Snapshot (video) March 22, 2021 City A.M. TV: Daily Market Snapshot (video)
City A.M. TV: Daily Market Snapshot (video) March 17, 2021 Recent key leadership areas of the US market were weak yesterday. That included the Russell 2000 (-1.7 per cent), the S&P600 (the small caps: -1.7 per cent) and certain transportation indices (i.e. DJ Transports and NASDAQ Transports -1.6 per cent & -2.1 per cent, respectively). Tech was one of the areas of relative strength with [...]
City A.M. TV: Daily Market Snapshot (video) March 16, 2021 With the Fed decision and press conference looming tomorrow and with various markets at key levels, this is an important week for equity markets. The S&P500, for example, is attempting to push to new record highs, US 10 year bond yields have stalled at around the 1.60 per cent yield level, while the UK’s FTSE100 [...]