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Equities slipped once again last week as the ‘soft landing’ narrative was challenged in the face of some weak economic data, writes Ian Slattery.
The Federal Reserve kept the key interest rate in the 5.25%-5.50% following their two-day meeting last week, writes Ian Slattery. Whilst the move (or lack thereof) was in line with market expectations the post meeting press conference was seen as relatively hawkish by market participants.
The ECB raised rates by 0.25% on Thursday afternoon, which brought the headline deposit rate to a new historic high of 4.0%, writes Ian Slattery.
Equity markets ended the week down as slowing investors revaluated the potential interest rate environment, writes Ian Slattery.
Last week saw US equities show positive returns after a shaky August, showing their biggest weekly gain in over five weeks, writes Ian Slattery.
Friday closed out a mixed week for equities as investors digested comments from this year’s Jackson Hole Symposium, writes Ian Slattery.
Last week saw US equities post their worst performance in several months as investors revaluated the prospects for higher interest rates for longer, due to resilient economic data, writes Ian Slattery.
US equities showed mixed performance last week as in the month of August markets have broken their upward track seen throughout much of 2023, writes Ian Slattery.
Last week saw several major central banks deliver interest rate decisions. In the US, the Federal Reserve increased rates by 0.25% to a range of 5.25%- 5.50%, writes Ian Slattery.
US Stocks continued to march higher last week, returning 1.3% in Euro terms as investors priced in the likelihood of a ‘soft landing’ for the US economy, writes Ian Slattery.