2nd August 2021
This week’s big event was Wednesday’s (28 July 2021) Fed monetary policy meeting – and given the recent conflicting views from a number of individual Fed policymakers, we were all over the statement and accompanying press conference, looking for clues and any subtle changes in the wording covering growth and inflation, which would help us formulate when the central bank is likely to start tightening monetary policy.
26th July 2021
Following a turbulent start, markets ended the week with a flourish, seeing the majority of major indices close higher.
20th July 2021
Global equity markets ended the week slightly lower thanks to renewed concerns that increasing coronavirus infections will weaken the economic recovery, especially given that today’s University of Michigan’s consumer sentiment index unexpectedly declined.
12th July 2021
Despite the fact that most of the major global equities ended the week broadly flat, it was a very volatile week.
5th July 2021
Despite all the focus on this week’s US employment report, unfortunately it was again difficult to get a clear picture of the US employment market.
28th June 2021
After last week’s ‘dot plot’ shocker from the US central bank, all eyes were on this week’s UK monetary policy meeting and US PCE reading.