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.
24th May 2021
The tug of war between an economic reopening and recovery on one side and inflationary worries on the other meant that it was not only a very intense and exhausting week, but at the same time, a whole-lot-of-nothing week, as global equity markets ended the week broadly flat.
17th May 2021
There has only been one theme in play this week: inflation – thanks to Wednesday’s (12 May 2021) 4.2% US CPI inflation reading.
10th May 2021
If it was worth us stressing once, it is worth us repeating and repeating it ad nauseum: an increase interest rates is many years away.
4th May 2021
It has been an interesting week: recent robust economic data allowed Jay Powell, the Fed Chair (the US central bank), to talk optimistically about the economic outlook, while at the same time effectively reminding the market of the famous mantra ‘don’t fight the Fed’, as he repeated it was far too early to consider tighter monetary policy.
26th April 2021
Better-than-expected economic data failed to push equity markets higher this week thanks to a resurgence in coronavirus cases (mainly due to India) coupled with reports that Joe Biden is considering plans to almost double the capital gains tax rate to 39.6%.
19th April 2021
The FTSE-100 ended the week above the 7,000 level - a level not seen since 26 February 2020 and a far cry from the sub-5,000 level it fell to in those dark and uncertain times last March.