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9th August 2021
It has been a positive week for global equity markets, which was largely driven by positive company earnings, as we discussed in our last market update, there were also some positive economic updates which drove markets towards the end of the week.
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.
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.