City A.M. T.V Daily Market Snapshot (video) April 6, 2021 Daily market snapshot: Having largely traded sideways in February and March, US equity markets have broken out to the upside over Easter.
City A.M. TV: Daily Market Snapshot (video) April 1, 2021 City A.M. TV: Daily Market Snapshot (video)
City A.M. TV: Daily Market Snapshot (video) March 31, 2021 Reflation trades made new highs again yesterday across many parts of the global financial landscape. That’s most obvious in the US where the DJ Transportation index (+1.3 per cent) closed at a new high, while the S&P500 financial (+0.7 per cent) and airlines (+3.1 per cent) sectors both continued their recent strength. In Europe, the German [...]
City A.M. TV: Daily Market Snapshot (video) March 30, 2021 Despite concerns in the market regarding the fire sale of Archegos’ assets, the major global equity indices were largely unchanged on the day. In that respect they have held up well. The MSCI world equity index, for example, eased off by a modest 0.3%, the S&P500 was essentially flat (-0.1%), while French, German and the [...]
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, [...]