Global stock markets found momentum last week and extended gains, most notably in Japan. Encouraging data out of the US, including further Q2 earnings releases, helped soothe fears of a US recession, while data out of the UK showed that the economy grew well in Q2. As we turn our attention to the week ahead, […]
Monthly Archives: August 2024
12
Aug
Aug
Global stock markets rose modestly last week despite a vicious sell-off to get the week started. Better data out of the US combined with soothing words from the Bank of Japan helped rescue the sell-off, with Thursday seeing the best day for US stocks since November 2022. Although markets are calmer, we expect choppiness to […]
06
Aug
Aug
The last 2 days have seen global stock markets fall by about 5%, with yesterday being their worst day since September 2022. In this note, we unpack: What’s driven the market sell-off? What we’ve been doing within the Magnus Portfolios Why staying invested and not panicking, in our view remains the right approach for most […]
05
Aug
Aug
Global stock markets fell back last week, and that trend has continued this morning. Concerns about US economic data weighed on sentiment and dragged markets lower on Thursday and Friday last week, despite some decent corporate earnings being reported. Bond futures markets have quickly moved to price in 5 interest rate cuts this year in […]