Equity markets followed a familiar pattern last week to the past few months. Investors were focused on news about rising inflation, and prices were slightly more volatile in response to evidence that it is growing as successful vaccination programmes allow economies to re-open. Stock markets
US stocks ended May higher last week, reaching their fourth consecutive month of gains. The S&P 500 Index of large US companies rose to within touching distance of record levels, although the more technology-heavy Nasdaq index actually fell for the month. The different in performance between
Global markets remained focused on the prospect of higher inflation last week. Despite lingering concerns about variants of COVID-19, the economic recovery from the pandemic is gathering pace. Investors are now trying to assess what the recovery means for inflation, and how and when governments
Last week brought mixed news for investors in one of the world’s largest stock market indices. On the one hand, the S&P 500 Index of large US companies hit record highs. On the other, a monthly release of unemployment numbers tempered investor enthusiasm by demonstrating
Despite dipping on Friday, US stocks had another good week as April ended. This contributed to a particularly strong month: the S&P 500 Index of large US companies had its biggest one-month increase since November last year, when vaccine discoveries began acting as a boost
US stocks enjoyed a lift towards the end of last week, having fallen the day before on news that President Biden’s government will target wealthy Americans with tax increases. On Thursday last week, President Biden’s team leaked details of their proposed tax increases. Under the plans
As vaccination programmes gather steam, economists are busy predicting how quickly countries around the world will bounce back from the economic damage done by COVID-19. Last week, the IMF upgraded its world economic growth forecast for the second time in three months, although it also warned
As the UK enters the next phase of its lockdown easing today, it does so against the backdrop of a strong week for its FTSE 100 index of large public companies. As shops, gyms, and pub gardens re-open after a long hiatus, markets appear to
US stocks reached new highs at the end of the four-day trading week, with technology stocks enjoying a resurgence. They were also supported by an announcement from President Joe Biden, who unveiled a $2 trillion infrastructure plan last week. Although broad-ranging in its scope, the plan
US stocks ended the week at new highs after a volatile few days that saw a continuation of recent moves in equity markets. The S&P 500 Index of large US companies closed the week higher, but underneath the surface there were large ups and downs in
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