Posts Tagged ‘market performance’

Week in Review: Technology Stocks Take a Breather

After an exceptionally strong August month that saw major stock market indices including the S&P 500 and Nasdaq achieve new highs, some volatility returned to markets this week, largely driven by some profit taking in technology companies. As discussed in last week’s newsletter,  much of the performance in U.S. stock markets year-to-date has been driven…

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Week in Review: The K-Shaped Recovery

Economists are pointing towards a K-shaped recovery as opposed to the initial hoped for V-shaped recovery (a sharp bounce back) or a feared W-shaped recovery (a short recovery followed by another downturn). In this scenario there is an uneven economic recovery increasing the divide between the haves and the have-nots, with the winners being the…

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Week in Review: SA moves to Level 2 Lockdown

As infections in the most populous provinces continued to decline over the week (just below 5,000 a day), as expected President Cyril Ramaphosa removed most of the Covid-19 lockdown restrictions on Saturday night. Level 2 takes effect from midnight tomorrow, when restrictions on alcohol, cigarettes, interprovincial travel and personal and family visits will largely fall…

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Week in Review: Tech Giants Dominate

U.S. equities ended mostly higher for the week as big tech held the earnings spotlight. On Wednesday, a congressional antitrust panel questioned the chief executives of the biggest tech companies around their size, power and business practices. The industry leaders (Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai…

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Week in Review: U.S.-China Trade Tensions Escalate

Escalating tensions between the U.S. and China weighed on global equity markets this week, with the S&P 500 Index briefly turning positive for 2020 before retreating. Tensions arose after the U.S. accused two Chinese hackers of targeting American companies working on virus research and stealing information. It also ordered the shutdown of China’s Houston consulate,…

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Week in Review: Chinese Second Quarter GDP Rebounds

China’s GDP grew a better-than-expected 3.2% in the second quarter of this year, reversing a historic 6.8% contraction in the first quarter. Economists polled by Reuters expected China’s gross domestic product to have grown at 2.5% in the April to June quarter. With many firms still operating below capacity some analysts questioned the official growth…

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Week in Review: Second-Half Outlook

Having crossed the halfway mark of 2020, the “rear-view mirror” will record the first six months of 2020 as one of the most fascinating and volatile periods for financial markets on record. With global equities having bottomed on the 23rd of March, the rebound witnessed in the 2nd quarter has been one of the sharpest…

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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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