City A.M. TV: Daily Market Snapshot (video) March 12, 2021 Various markets are starting to break out to new highs across the globe. The Dax in Europe, for example, the small and mid-cap indices in the US, as well as many of the cyclical areas of global markets, have all been making new highs over the course of this week. In the UK, the large [...]
Ollie Phillips: England v France is a role reversal this Six Nations – let’s see if Les Bleus have the minerals in Le Crunch March 11, 2021 It’s England v France – Le Crunch – this weekend in a match that could decide the Six Nations Championship – only this time the roles are reversed. France are the best team in the competition by a country mile and England are the ones getting hammered. But this is a must-win game for the [...]
City A.M. TV: Daily Market Snapshot March 11, 2021 The pressure that has been weighing on US equities, most notably on the NASDAQ100 and S&P500, eased again yesterday. In particular, there was further weakness in US 10 year yields, as well as another move lower in the dollar. With that, US equities rallied towards their recent record highs (and the S&P500 has now retraced [...]
City A.M. TV: Daily Market Snapshot (video) March 10, 2021 With bond yields pulling back from their recent highs, there was a marked shift in equity market leadership yesterday. In particular, the downward pressure on tech and growth related stocks eased, and those sectors led the market higher, with strong gains in the Nasdaq100 (+4.0 per cent); the Philly SOX (+6.1 per cent); and the [...]
City A.M. TV – Daily Market Snapshot (video) March 9, 2021 City A.M. TV - Daily Market Snapshot (video)
City A.M. TV – Daily Market Snapshot (video) March 8, 2021 Rising bond yields and weakness in tech growth stocks has continued to hold back the advance of the global equity market in recent weeks. On Friday the US market managed a turnaround in the cash trading session, rallying sharply intraday to close notably higher (e.g. Philly SOX +3.1 per cent, S&P500 +1.9 per cent). In [...]
City A.M. TV – Daily Market Snapshot (video) March 4, 2021 The divergence between the ‘growth’ and the ‘value/cyclical’ parts of the global equity market continued yesterday. Value oriented markets, like the UK’s FTSE100 and parts of the European equity landscape, rallied on the session. The UK’s FTSE all share banks sector, for example, is back at its highest since the start of the pandemic. In [...]
City A.M. TV: Daily Market Snapshot (video) February 26, 2021 There was a sharp shift in tone in markets yesterday, with the back-up in bond yields causing significant disruption in the equity market. Of note, that disruption spread beyond the tech and growth sectors – with weakness in all 11 S&P500 sectors, all 24 S&P500 industry groups, and all the key US headline equity indices [...]
Ollie Phillips: I still think they’re poor, but belligerent Wales can beat fragile England – even without a Principality Stadium crowd February 26, 2021 Don’t underestimate the magnitude of Wales v England in the Six Nations in Cardiff on Saturday. With France’s position uncertain due to a Covid-19 outbreak, this is a big match in the context of the title and, for Wales, possibly a Grand Slam. And anyway, this is Wales v England: a great clash full of [...]
City A.M. TV: Daily Market Snapshot (video) February 25, 2021 City A.M. TV: Daily Market Snapshot (video)