Halting the slide The week saw equity markets struggle to gain traction, while oil prices came under pressure as traders remained cautious in a week dominated by China’s decision to devalue its currency. However, towards the end of the week, the volatility abated as the Chinese
Dousing expectations For markets that remain ‘data-dependent’ – jittering in response to any and every signal of the health of the global economy – the end of the week offered the chance of some definite answers to the questions of when the US and UK would
Marching on Despite it being a week when all major equity markets (and many bond markets) posted positive returns, the underlying sense was one of far greater caution as the focus, once again, turned to events at the Fed and the ongoing question of when –
Fragile China? Equity markets in the UK and US again found themselves under pressure as the week drew to a close, put on the back foot by disappointing company earnings and falling commodity prices. Excellent results from the likes of Google and Amazon (and this morning,
Back from the brink In a series of about-turns, the principal players in the Greek debt drama have reversed their positions to facilitate a deal. Even so, few believe that the problem has been solved once and for all. After some brinkmanship on both sides at the
A week that started on a negative note, as markets once again braced themselves for the latest chapter in the ongoing drama of negotiations between Greece and its creditors, ended much more optimistically.End in sight? US, UK and European equity markets all gained over the week,
It’s a ‘No’ After Greece became the first developed country to default on a loan from the International Monetary Fund (IMF), its people voted ‘No’ to a compromise offer from its international creditors. Greek banks are within days of running out of money, bringing the prospect
Competing forces Financial markets continued their seesaw last week as the US economy showed further signs of strength and the Greek debt drama inched closer to its ending – quite possibly a bad one. While Chinese stocks hit a seven-year high, concerns mounted over emerging market
Summer heat Bond markets around the world took a tumble last week as the US economy appeared healthier than had been feared. That in turn unsettled equity markets, while European shares continued to reflect concerns over Greece’s willingness and ability to pay its debts. Some saw
Relative calm Global stocks rose broadly but modestly in a week of relatively calm trading. In the US, the S&P 500 index fell 0.2% on Friday – after Federal Reserve chairwoman Janet Yellen said that she still expected interest rates to rise sometime this year –
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