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Weekly Summaries
Week Ahead: Earnings Season
By Deepta Bolaky @DeeptaGOMarkets Earnings Season It will be a busy week with investors gearing up for a new earnings season while still keeping track of the rising number of virus cases and the dominant geopolitical risks. On the economic front, attention will be on central bank meetings, leading economic indicators and the EU summit. United St...
Read MoreThe Pandemic and Geopolitical Risks
By Deepta Bolaky @DeeptaGOMarkets Virus Cases Continue to Surge Earlier this week, the WHO warned that “the outbreak is accelerating and we have clearly not reached the peak of the pandemic”. There have now been 12.4 million cases of COVID-19 and more than 557,000 lives have been lost. Latin America & Caribbean, North America and Asia are...
Read MoreWeek Ahead: COVID-19: Crucial Days Ahead
By Deepta Bolaky @DeeptaGOMarkets The World Health Organization reported a one-day high for global cases Saturday of 212,326. Investors will likely continue to evaluate the improving economic data, positive vaccine developments, massive fiscal stimulus, ultra-low levels of interest rates and central banks interventions against the increasing glo...
Read MoreReversals of Lockdown Easings?
By Deepta Bolaky @DeeptaGOMarkets Reversals of Lockdown Easings? With more than 10 million coronavirus cases and half a million deaths over the weekend, rising fears of a second wave of virus infections may rattle the markets this week if the most-affected states start the reversal of lockdown easings. Amid a busy economic calendar, investors wil...
Read MoreWeekly Summary: Rising Virus Cases and Volatile Trading
By Deepta Bolaky @DeeptaGOMarkets Rising Virus Cases As of writing, the number of coronavirus cases worldwide has passed 9.7 million and is expected to reach 10 million by the end of this week as per the World Health Organisation. Europe and the US were among those countries that have seen a surge of COVID-19 cases since they began easing restric...
Read MoreWeekly Summary: Rising Virus Cases and Growing Fears of a Second Wave
By Deepta Bolaky @DeeptaGOMarkets Rising Virus Cases It was a week of uncertainty amid the rise of coronavirus cases in certain US states and Beijing. New Zealand has also recorded three more active COVID-19 cases days after announcing the eradication of the virus. Beijing was the primary source of concern this week with new clusters of cases whi...
Read MoreWeekly Summary: A Bloodbath in the Stock Market
By Deepta Bolaky @DeeptaGOMarkets Governments and central banks supportive policies and coronavirus updates remain the primary factors that are driving risk sentiment in the financial markets. It was a Fed-centric week while fears of a second outbreak of coronavirus in the US crept into the markets towards the end of the week. A Fed-Week Much a...
Read MoreWeekly Summary: Recovery Hopes and More Stimulus
By Deepta Bolaky @DeeptaGOMarkets The Positives Investors were broadly focused on the positives this week. Despite the deteriorating relationship between two of the world’s most powerful economies, which has the potential to turn into a new “cold war”, the immediate attention was on the early and gradual reopening of economies and the heigh...
Read MoreWeek Ahead: Trumpolitics, Central Banks and Nonfarm Payrolls
By Deepta Bolaky @DeeptaGOMarkets Trumpolitics Markets dissected President Trump’s remarks on actions against China on Friday. A key takeaway from those remarks was that the US President did not mention the Phase One trade deal between the US and China and instead focused on China’s handling of coronavirus, the World Health Organisation (WHO)...
Read MoreThe Reopening Experiment and Geopolitical Risks
By Deepta Bolaky @DeeptaGOMarkets The Grand Reopening Given the unprecedented nature of the Great Lockdown, the gradual reopening of economies are now being viewed as an experiment. World leaders are faced with tough decisions trying to manage unparalleled health and economic crisis and the differences of opinions over how, when and which busine...
Read MoreWeek Ahead: Reopening Economies vs ‘New Cold War’
By Deepta Bolaky @DeeptaGOMarkets In the middle of a pandemic, the world’s two most powerful economies are embroiled in a series of clashes which could take both countries to the brink of a “new cold war”. The latest fallout is about China’s move to pass a national security law in Hong Kong which could compromise the independence of the ...
Read MoreWeekly Summary: An Environment of Caution
By Deepta Bolaky @DeeptaGOMarkets Geopolitical Tensions In the middle of a pandemic, the world’s two most powerful economies are embroiled in a new war of words surrounding the novel coronavirus. After two long years of trade tensions, the coronavirus blame game is creating a more divisive relationship between the two countries, making communic...
Read MoreWeek Ahead – A War of Words Amid the Reopening
By Deepta Bolaky @DeeptaGOMarkets The coronavirus war of words between China and some governments has dominated headlines over the past couple of weeks. The confrontation between the world’s two largest economies is escalating as both the US and China are trying to send messages to the world about their response of COVID-19. China is spreadin...
Read MoreWeekly Summary: The Warnings and Grim Economic Data
By Deepta Bolaky @DeeptaGOMarkets US Health Officials and Fed’s Warnings Market participants are moving past reopening plans and are digesting the reality of this “new normal”. At a hearing before the Senate health committee, Dr Anthony Fauci, a US top infectious disease official, together with other health representatives, warned that an e...
Read MoreWeek Ahead – The Reopening of the Plunging Economies
By Deepta Bolaky @DeeptaGOMarkets While investors might find solace in reopening plans for global economies, they are also bracing for a series of economic reports, which will reiterate the global economic turmoil created by the pandemic. Caution will prevail over the renewed optimism as investors will be getting back to a “new normal” as go...
Read MoreWeek Ahead – Lockdown Exit Plans, Central Banks, Jobs Reports and Earnings
By Deepta Bolaky @DeeptaGOMarkets Lockdown Exit Plans, Central Banks, Jobs Reports and Earnings Lockdown Exit Plans As the rate of coronavirus cases continues to fall in many countries, governments are busy unveiling reopening plans to help balance the need for economies to restart without risking new waves of outbreaks and further shutdowns whi...
Read MoreThe Lockdown, the Fallout and the Roadmap to Recovery
By Deepta Bolaky @DeeptaGOMarkets Global Lockdown In an abrupt and unprecedented manner, the world witnessed a mass halt to global activities due to the pandemic. Governments and central banks rushed in to intervene and support the global economy with unconventional measures to cushion the impact of the coronavirus on their economies and ease ma...
Read MoreWeek Ahead – Central Banks & Big Tech Earnings
By Deepta Bolaky @DeeptaGOMarkets Central Banks & Big Tech Earnings Weekend News & Speculations The speculations about Kim Jong-Un’s health has intensified over the weekend after unverified reports of a visit by a Chinese medical team hit headlines. There were reports that the North Korean leader had passed away, but this was later den...
Read MoreWeekly Summary: Oil Crash and Virus Trials
By Deepta Bolaky @DeeptaGOMarkets Weekly Summary Oil Crash and Virus Trials Investors remain focused on the trend of coronavirus cases across the globe. The World Health Organisation (WHO) is seeing different trends in different regions and even within regions. Globally, around 2.7 million cases of COVID-19 have been reported, and more than 190,0...
Read MoreWeek Ahead – Draft Proposals to Resume Activities Expected
By Deepta Bolaky @DeeptaGOMarkets The number of coronavirus cases is still relatively high, but many countries have recorded the slowest pace in new cases and deaths in the past few days. The attention is therefore slowly shifting towards how quickly countries should ease lockdown restrictions without risking a second wave of the virus outbreak....
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