Posts Tagged ‘carrick’

Week in Review: The Delicate Balance

On Thursday more than 150,000 new cases of the coronavirus were recorded, the highest single-day number so far. The new cases were mostly reported in the Americas, with significant numbers from South Asia and the Middle East. Countries globally are moving forward with the reopening of their economies, some more cautiously than others, as each…

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Week in Review: U.S. Jobs Report Surprises

Week in Review: U.S. Jobs Report Surprises The encouraging employment data revived hopes that the US may well be on the road to recovery from the coronavirus shock. Leisure and hospitality (including restaurants) represented almost half of the jobs gained clawing back 1.2m jobs after losing more than 8m since the crisis began. Employment looks…

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Week in Review: Reopening Optimism Lifts Markets

Global markets ended the week higher, with the month of May marking the start of the gradual reopening of economies. A steady but slow decline in new infections in developed markets has allowed for the partial lifting of lockdown restrictions, boosting investor confidence. Markets were also encouraged by news of human trials of a possible…

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Week in Review: Sino-US Tensions Escalate

Global stocks rose for the week as investors were buoyed by progress in vaccine trials and optimism over the reopening of economies, however the week ended a little more subdued as the prospect of an escalation in tensions between the world’s two largest economies seems to be gaining traction. The Chinese government moved to assert…

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Week in Review: US Jobless Rate Soars

The COVID-19 pandemic has devastated the jobs market in the U.S. and the world, with an April reading of labour conditions in the U.S. showing that a record 20.5 million people are out of work, bringing the unemployment rate to 14.7%, its worst level since the Great Depression by some measures, as businesses closed in…

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Week in Review: Markets Rebound Strongly in April

Despite stocks finishing mixed this week, global markets posted some of their best returns in decades during the month of April. A slowdown in new coronavirus cases and synchronized stimulus initiatives globally, improved sentiment from the March stock-market bottom. Volatility has also subsided from its recent highs but remains elevated. Economic data continues to point…

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Week in Review: Coronavirus Sparks Market Correction

Coronavirus panic has sent world equity markets into correction (a correction is a 10 percent drop in stocks from their most recent peak) territory. While the rate of reported cases in China slowed and Chinese companies that were shuttered in February started to reopen, the headlines that the virus is spreading at an increased rate…

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