- US equities hit record highs
- The European Central Bank announces QE taper plans
- UK and US GDP growth beats expectations
- US House of Representatives votes in favour of 2018 budget
- German business sentiment hits record high
- Brent crude oil prices rose 4.7% during the week
Imperium Capital Publication
Weekly Digest – 22 October 2017
- Oil rose 1% on the week with Brent standing at USD 57.9
- Gold fell 1.6% to $1,275
- Initial Coin Offerings (ICOs) in cryptocurrencies top $3 billion this year
- Major currency volatility at three-month lows
Viewpoint – October 2017
During September the global economy continued to be supportive for risk assets, with global equities performing strong. Government bonds retreated in light of the more risk-on environment, whilst the US Dollar strengthened towards the end of the period, a contrast to its large year-to-date falls.
During the quarter developed equity markets returned 2.2% with almost every major region partaking in the rise. Within developed markets, Japan posted the strongest returns in local currency terms advancing 4.3%, followed by Continental Europe with a 3.9% gain. Emerging markets posted returns of -0.4%, the first negative month since November 2016.
Weekly Digest – 15 October 2017
- Oil rose 2.8% on the week with Brent at USD 57.8
- Gold rose 2.2% to $1305
- Miners led a six month high in commodities
- Global stock indices rise
Weekly Digest – 08 October 2017
- Oil fell 3.3% on the week with Brent at USD 55.6
- Gold fell 0.8% to 1273.5
- US and Turkey suspend visas in escalations of their diplomatic row
- Central banks set to cut quantitative easing
Weekly Digest – 01 October 2017
- Oil rose 1.2% on the week with Brent at USD 56.6
- Gold fell 0.9% to 1273
- Global bonds continue sell off, equities rise
- BoE hold conference for world’s central bankers