A statement by the Federal Reserve, the US central bank, was the biggest driver of markets last week – mostly for what it didn’t say. Although the bank confirmed that it will hold interest rates at their very low levels until the end of 2023,
US equities steadied last week after their recent fall, which had been prompted by a decline in the share prices of some large technology companies. The fall hasn’t led to a wider sell-off in other markets, and it's also smaller than the large drop in
The share prices of big US technology companies ended their record-breaking run last week. On Thursday, the Nasdaq stock index, which is heavy with US tech companies, dropped almost 5% after months of remarkable gains – and fell further on Friday.
The sharp reversal had a
Shaking off their losses from earlier this year, global stocks reached a record high last week. The FTSE All-World index
rose to its highest-ever level, recording the best August for global stocks in decades.
It’s important to note that the recovery in share prices isn’t evenly spread.
“There is a sense of waiting for markets to come back to life at the start of September,” wrote Mark Dowding of
BlueBay Asset Management, co-manager of the St. James’s Place Strategic Income fund, after a relatively quiet
week in global markets.
The quiet week may reflect investor
British holidaymakers in France got some bad news last week, when the government said anyone not back before Saturday morning would have to quarantine for two weeks.
The decision left thousands of people scrambling to book the last remaining tickets out of the country, adding to
A seasoned hiker could have walked from Brussels to Amsterdam in the four days that Europe’s leaders took to agree on last week’s €750 billion recovery fund. But the lengthy talks appear to have provided a much-needed boost to the continent, and reassured investors in
Chinese stocks ended their remarkable recent rally last week, despite second-quarter data suggesting that the country’s economy is rebounding quickly.
The CSI 300 Index slumped almost 5% on Thursday in its worst one-day fall since February. The news suggests that investors have doubts surrounding the announcement
A popular rumour in the early days of the COVID-19 crisis was that the virus couldn’t survive in direct sunlight. An odd coincidence, then, that the Sunshine State is among a number of US states reporting notable increases in new cases.
More cases in Florida, as
Markets are waiting for a coronavirus vaccine as keenly as a furloughed worker scanning the driveway for an Uber Eats delivery. So, it was no surprise that they enjoyed another boost last week after positive COVID-19 vaccine trial results made the headlines. They rose again
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