- A relatively flat week overall for equity markets
- A $16bn flight from passive ETFs took place in the January rally
- Brent crude fell 1.0% to $62.1 per barrel
- Gold fell 0.2% to $1315 per ounce
Imperium Capital Publication
Weekly Digest – 4 February 2019
- Strong US nonfarm payrolls
- Leading indicators suggest eurozone activity continues to weaken
- Brent crude rallied 1.8%, ending the week at $62.8 per barrel
- Gold ended the week 1.5% higher at $1317.7 per ounce
Weekly Digest – 28 January 2019
- Brent crude fell 1.7% to $61.50 a barrel
- The US-China trade war is still at an impasse
- Gold rose 1.2% last week to $1297 an ounce
- A mixed week for world indices
Weekly Digest – 21 January 2019
- 2018 German growth at slowest pace in five years
- UK Parliament rejected PM May’s EU divorce deal by 230 votes
- Brent Crude continued its strong run, rallying 3.7%, ending the week at $62.7 per barrel
- Gold ended the week 0.6% lower at 1282.7 per ounce
Viewpoint – January 2019
With broadening evidence of a global slowdown and both the Federal Reserve and European Central Bank continuing to tighten policy, investors took fright in December, resulting in steep falls across nearly all equity markets and a rush into safe haven assets. Having held up well during a difficult year for risk assets the key US market suffered a disastrous month, falling 9%, taking its return for the year into negative territory. The MSCI World index declined 8% for the month and 9% for the year, making this the worst year for markets since the financial crisis. Emerging markets also suffered but outperformed developed markets in December, the MSCI Emerging Markets index fell 3% in the month. That leaves emerging markets down 15% for the year but the nadir was reached in October and the big falls in markets in recent months have been concentrated in the US, Japan and Europe. Particularly steep falls came in the FAANGs stocks, which have fallen by around a third from their mid-year peaks.
Weekly Digest – 14 January 2019
- Global equity markets moved higher on the week
- Economic indicators flashing red in some regions
- Brent Crude breached $60 again, ending the week up 6% at $60.6
- Gold rose 0.5% to $1290.3 per ounce