- US indices record new highs
- Fillon wins French centre-right primary
- UK Q3 GDP growth at +0.5% amid sombre OBR forecasts
- Euro area PMIs show encouraging signs of growth
- Trump reiterates intent to leave TPP
Imperium Capital Publication
Viewpoint – November 2016
Throughout October, all eyes were on the build-up to the US election. Markets broadly followed the ebbs and flows of each candidate’s campaign momentum. As such the announcement that the FBI was to re- open its investigation into then candidate Hillary Clinton’s email account led to a wave of risk adverseness and portfolio hedging throughout global markets. The S&P 500 index lost 1.9% over the month, whilst European stocks lost 1.0%.
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Weekly Digest – 20 November 2016
- US dollar and global bond yields continue to rise
- Fed Chair Yellen hawkish in latest remarks
- Draghi dovish amid euro weakness
- UK retail sales surprise on the upside
- Safe-haven assets continue to be out of favour
Weekly Digest – 13 November 2016
- Donald Trump wins US election to become 45th US President
- Property mogul’s victory sparks bond sell-off
- Emerging market currencies suffer
- Investors focus on sectors that will benefit from Trump’s policies
- Commodity falls lead by oil and gold
Weekly Digest – 06 November 2016
- Investors hedge risk ahead of US election
- US employment data reinforces hike expectations
- UK High Court rules Parliament must vote to trigger Brexit
- Europe Q3 GDP growth at +0.3%
- Oil falls on rising inventories and falling faith in OPEC
Weekly Digest – 30 October 2016
- US and UK Q3 GDP surprise to the upside
- FBI reopen Clinton email investigation; US markets falter
- Global bond yields continue to rise
- Europe shows signs of recovering economic activity
- Unsuccessful OPEC meeting sparks oil price fall