Last week, Chinese stock markets briefly rose above their all-time high. Fresh from the Lunar New Year break, investors pushed the CSI 300 Index of Chinese stocks to levels not seen since 2007 – although it later settled below that point. China’s economy has been going
US and world stocks hit new highs at various points last week as investor optimism carried markets through another week of gains. Hopes are growing that the world will enjoy a strong economic recovery this year. President Biden’s team has made progress with its economic stimulus
As more and more people got vaccinated, world stocks had their best week since November last year. Although new strains of COVID-19 are concerning, the fight against the pandemic seems to be on the front foot. Early data from Israel, for example, suggests that cases and
Until very recently, GameStop wasn’t a household name. However, last week, the American video game retailer became the centre of a global controversy with billions of dollars at stake. The story began last year, when an amateur investor shared a theory about GameStop’s share price on
“We’ve learned again that democracy is precious, democracy is fragile and, at this hour my friends, democracy has prevailed.” In his inauguration speech last week, President Joe Biden tried to put the recent violence on Capitol Hill firmly in the past. Calling for unity, he urged
President Trump’s term in office approached its end last week with a crowd of rioters sieging Capitol. Global markets slowed last week after a positive start to the year, as they weighed up news about the economic damage caused by COVID-19. “The past week has been
President Trump’s term in office approached its end last week with a crowd of rioters sieging Capitol Hill. Although the episode ended in a few hours, it laid bare the tensions that have made the past four years so unpredictable. The scenes were troubling to watch,
This is the last issue of WeekWatch in 2020. We’ll resume service on Monday 11 January. Until then, we hope that you and your families have an enjoyable, safe and restful break, and we wish you the best for next year and beyond. Uncertainty made a
“Despite the fact that deadlines have been missed over and over, we think it is responsible at this point to go the extra mile,” read a joint statement yesterday from European Commission President Ursula von der Leyen and UK Prime Minister Boris Johnson. Details were thin
After the flurry of vaccine breakthroughs in recent weeks, and with 2020 drawing to a close, investors are focusing on the shape of the economic recovery that they expect to take place in 2021. Last week, the OECD published its twice-yearly economic outlook for countries around
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