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Last week saw the US consumer price index come in higher than expected with core inflation rising 6.6% for September, faster than the 6.3% rate in August, writes Ian Slattery.
US equities rose from an almost two-year low on Monday and Tuesday, with the S&P 500 rising 5.6%, its best two-day move since 2020, writes Ian Slattery.
Last week’s most prominent development was undoubtedly the fallout from the announcement of the new UK government’s mini budget growth plan the previous Friday, writes Ian Slattery.
Equities were sharply lower last week as the US inflation release for August surprised to the upside. The headline annual rate fell to 8.3%, however core prices rose 0.6%, twice the 0.3% forecast, writes Ian Slattery.
Equities rose last week as investors continue to ponder the next move of the Federal Reserve and the robustness of the US economy, writes Ian Slattery.
Wall Street fell for the third week in a row as the spectre of higher interest rates continues to loom. In general, value orientated companies outperformed growth and large caps (traditionally more defensive) fared better than smaller companies, writes Ian Slattery.
Stock markets fell sharply into the weekend as Friday marked the worst day for stocks since June. It was a quiet week until Friday for markets, when Jay Powell’s speech at Jackson Hole sending stocks down more than 3%, writes Ian Slattery.
Stocks finished the week lower and gave back some of the previous week’s strong gains as commentary from several Fed officials struck a ‘hawkish’ tone, writes Ian Slattery.
Global equities have rebounded since mid-June lows, mainly driven by weaker commodity prices, easing inflation concerns, and lower bond yields., writes Ian Slattery.
Stock markets finish the week broadly higher as investor sentiment struck an extremely bearish note in Tuesday’s BofAML monthly fund manager survey, writes Ian Slattery.