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Weekly Summaries
Week Ahead: 2020 US Election Remains The Key Market Theme
By Deepta Bolaky @DeeptaGOMarkets After a wild last week where markets swung from risk-on to risk-off sentiment following the back and forth chaos on stimulus, the attention is expected to remain highly geared towards the US election outcome. Equity Markets Risk sentiment will likely remain fragile on US stimulus negotiations, US election outco...
Read MoreWeek Summary – Back-and-Forth on Stimulus
By Deepta Bolaky @DeeptaGOMarkets The week kickstarted with the concerns over the health of the US President to progress with conflicting signs on stimulus negotiations. It was another volatile week as markets sentiment flip flop back and forth between risk-on and risk-off. Stock Market - The Tweet After inconsistent headlines over the weekend, ...
Read MoreWeek Ahead: Central Bank Minutes, Australian Budget, US Fiscal Stimulus Package and President Trump’s Illness
By Deepta Bolaky @DeeptaGOMarkets After a scary month of September for investors, global risk sentiment will likely remain fragile. The immediate attention this week will fall on the health updates of President Trump and the US fiscal stimulus package. Equity Markets Global equities went on a wild ride and saw some major corrections in Septembe...
Read MoreWeek Ahead: Reasons for Being Cautious
By Deepta Bolaky @DeeptaGOMarkets Amid the current prevailing uncertainties, global risk appetite will likely remain fragile as investors have more reasons to stay cautious: The resurgence of the coronavirus outbreak Volatility in the stock market A tech rout Limitations of the central banks Geopolitics tensions US Election - Fi...
Read MoreWeek Summary – Central Banks and Rising COVID-19 cases in Europe & the UK
By Deepta Bolaky @DeeptaGOMarkets The renewed fears of a second wave of a coronavirus outbreak in the European Union and the United Kingdom have gripped markets this week. Until there is a vaccine, the world remains exposed to the possibility of the spread of the virus as and when activities resume. Risk appetite took a hit throughout the week a...
Read MoreWeek Ahead: Ultra Loose Monetary Policies and Flash PMIs
By Deepta Bolaky @DeeptaGOMarkets After the Fed’s confirmation last week that US interest rates will likely remain near zero through 2023, the immediate attention will switch to other central banks meetings this week for confirmation of the ultra-loose monetary policies around the globe. Equity Markets Global equities remain underpinned by t...
Read MoreTech Stocks, ECB Meeting and Brexit Talks in Focus
By Deepta Bolaky @DeeptaGOMarkets With a US public holiday on Monday, investors are gearing up for a muted start to the week. After the sell-off in the global stock market last week, an environment of caution may prevail while investors continue to monitor economic updates to gauge the path of the global recovery. September kicked off on a mi...
Read MoreWeek Summary – September Starts with a Tech Sell-Off
By Deepta Bolaky @DeeptaGOMarkets It was another volatile week with wild swings in the stock market. Investors remain focused on vaccine updates and signals from central banks and governments while monitoring the improvement in the economic data. Stock Market - Tech Sell-off Global stocks have been on a staggering rally in August. The global b...
Read MoreWeek Ahead – August Wrap-Up: Global Equities on a Rally
By Deepta Bolaky @DeeptaGOMarkets Covid-19 Cases and Vaccine Optimism The virus continues to spread across the world, with more than 25 million confirmed cases of coronavirus and 840, 000 deaths. The United States remains the worst-affected countries followed by the Eastern Mediterranean region and European countries. After successfully containin...
Read MoreMonetary Policy Will Remain Accommodative for Longer
vBy Deepta Bolaky @DeeptaGOMarkets Attention was predominantly on the exclusive central bank conference this week as it fosters open discussions about global policy matters. In a pandemic-induced environment supported by ongoing fiscal and monetary policies, this year’s theme “Navigating the Decade Ahead: Implications for Monetary Policy” ...
Read MoreJackson Hole Symposium
By Deepta Bolaky @DeeptaGOMarkets In a pandemic-induced environment supported by ongoing fiscal and monetary policies, all eyes will be on the exclusive central bank conference which fosters open discussions about global policy matters. The 2020 Economic Policy Symposium will be conducted online from August 27th to August 28th and will focus on:...
Read MoreStock Market Continues to Surprise: Apple Made History
vBy Deepta Bolaky @DeeptaGOMarkets Investors digested another week packed with geopolitical headlines, COVID-19 cases, vaccines related-updates, economic data and the Presidential Nomination Conventions. As the week comes to an end, market participants took note of the upcoming trade talks and the positive vaccine news by Pfizer and BioNTech SE....
Read MoreFOMC Meetings, Retail Sales, PMIs and US Stimulus Deadlock
By Deepta Bolaky @DeeptaGOMarkets The markets were surprised by the postponement of the US-China trade deal meeting this weekend. Amid a relatively muted calendar, the focus will, therefore, turn to key economic data and the deadlock in the US over the coronavirus relief package. United States Investors are concerned over the standoff by US lawm...
Read MoreUS-China Trade Deal Meeting Eyed
By Deepta Bolaky @DeeptaGOMarkets Investors weighed the geopolitical tensions and standoff by the US Congress against the improving economic data while still monitoring the spread of the outbreak. While there were early signs of a slowdown in the number of daily coronavirus cases in the US, we are seeing more clusters in other countries. As t...
Read MoreCOVID-19 Cases in Europe, Tech War, Industrial and Sales Updates
By Deepta Bolaky @DeeptaGOMarkets Another packed week for investors with the focus predominantly on the US-China tech war, the controversial executive orders for the US coronavirus relief, the growing number of COVID-19 cases in Europe, and leading economic releases. United States Following signs of improvement in the manufacturing data and be...
Read MoreEyes on NFP and US Stimulus Package
By Deepta Bolaky @DeeptaGOMarkets Investors weighed the positives against the negatives this week. Economic data and earnings reports brought reassurance while the US stance on Chinese companies - TikTok and Wechat sparked fears that the tensions between the two countries may spiral into a new cold war. As the week comes to an end, attention w...
Read MoreCovid-19: Economic Damage and Central Banks Decisions
By Deepta Bolaky @DeeptaGOMarkets Amid a busy economic calendar, the fears of a second wave of coronavirus are mounting forcing market participants to look for some evidence of a reversal or stalling in the improvement of economic data seen in May or June. Many countries have seen a surge in the number of infections over the weeks and now Europe...
Read MoreWeek Ahead: FOMC and Quarterly Earnings from Apple, Alphabet, Amazon and Facebook.
By Deepta Bolaky @DeeptaGOMarkets It will be another busy week ahead with investors gearing up for virus updates, geopolitical tensions, key economic data and the FOMC meeting. The global number of coronavirus cases crossed 16 million this weekend and the US is among the worst-hit countries. Much attention will remain on the spread of the virus ...
Read MoreVaccine Optimism and Geopolitical Tensions
By Deepta Bolaky @DeeptaGOMarkets It was another eventful week with many dominant headlines that create an atmosphere of indecisiveness. We started the week with promising vaccine updates from AstraZeneca. Interim results from the ongoing Phase I/II COV001 trial, led by Oxford University, showed AZD1222 was tolerated and generated robust immune ...
Read MoreVaccine Optimism and Earnings
By Deepta Bolaky @DeeptaGOMarkets Virus Cases, Vaccine and Geopolitical Tensions It was an eventful week with many dominant headlines that took the markets on a wild swing. The week kicked off with the news that Pfizer and BioNTech granted FDA fast track designation for two investigational mRNA-based vaccine candidates against SARS-CoV-2 followed...
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