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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Market Update – 27th August 2020.
27th August 2020
Yesterday (Wednesday 26 August) was quiet in terms of meaningful data releases, seeing broader European and US markets close higher.
Market Update – 26th August 2020.
26th August 2020
Global equity markets struggled for direction yesterday (25 August 2020) after mixed US economic data, suggesting that there is the potential for a two-track recovery, between higher-paid Americans with secure jobs versus those that the coronavirus has disproportionately hit
Market Update – 25th August 2020.
25th August 2020
We thought we would be having a quiet start to the week as there was little in the way of economic data yesterday (24 August 2020), as most of the data readings are being released later on in the week.
Market Update - 21st August 2020.
21st August 2020
On the surface, yesterday’s US jobless data was disappointing as initial claims unexpectedly increased back above 1m, with a reading of 1.1m for the week ending Saturday 15 August 2020, while the previous week’s reading was revised higher to 971,000.
Market Update - 20th August 2020.
20th August 2020
We were completely vexed with the minutes from the Fed’s last monetary policy meeting, given policymakers thought the US economic rebound would be slower than they previously thought, yet policymakers didn’t give any indication that more stimulus would be provided.
Market Update - 19th August 2020.
19th August 2020
The US economic surprises continued coming yesterday (Tuesday 18 August 2020) with readings for both housing starts and building permits coming in significantly higher than economist expectations.