Weekly Market Summary.

As you can see from the accompanying chart, it is often best to ignore all of the noise you hear and read in the media, as the vast majority of global equity markets ended the week higher

It was a slow week in terms of economic data, but the data sets that were released were crucial indicators to the health and outlook of some of the major global economies.

As you can see in the accompanying table, global equity markets closed this week slightly lower. However, just taking the table at face value doesn’t tell the full story, similar to watching the news headlines on TV!

It was very much a week littered with news, data and central bank meetings. This flow of information saw markets have their fair share of volatility, yet the majority have ended the week in positive territory.

As you can see from the accompanying table, most of the major equity markets ended a relatively quiet week with a small gain.

The majority of global equity markets ended the week strongly higher. However, this does hide some choppy intra-day moves as the tug-of-war between an economic recovery versus a rise in coronavirus cases yo-yoed equity markets.

The past week has been another where the day-to-day index moves have been dizzying, because, as we have previously said, equity markets hate uncertainty (and as the coronavirus outbreak is a big uncertainty), they are currently trading on every news headline.

Global equity markets rose this week on the back of more evidence that the global economy is improving.

As Marie Curie once said “I was taught that the way of progress was neither swift nor easy”, and that is also true for investing as equity markets have this week reminded us that the path for global equities is never smooth or easy

Global equity markets rose strongly over the week after strong US employment data indicated, as we have been forecasting, that the coronavirus outbreak is a transient issue and as a result the global recovery will be V-shaped.