In November the global economic backdrop continued to be supportive for markets, with a majority of asset classes posting positive, moderate returns. Developed market equities mostly performed strong, but were led by the US, while emerging markets underperformed for the second time in three months. In fixed income, November was a slightly risk-off month, with high-yield bond indices posting small losses due to credit spreads increasing.
Imperium Capital Publication
Weekly Digest – 17 December 2017
- Federal Reserve raises bank rate
- Eurozone manufacturing PMI hits 20 year high
- Japan and the EU finalise free-trade agreement
- Democrats win Senate seat in Alabama
- UK CPI inflation hits five year high
Weekly Digest – 10 December 2017
- UK strikes divorce agreement with the EU
- US unemployment rate remains at 17 year low
- Eurozone final Q3 GDP growth reading at 0.6%
- US trade deficit rises to nine months high
- Global equities rise during the week
Weekly Digest – 3 December 2017
- Brent crude finished the week @ 63.70, down 0.2%
- Gold had an overall flat week closing at 1283.6, down -0.4%
- Bitcoin swings over 20% intraday
- Bond yields up sharply
- Tech stocks slide as $62bn wiped off FANG stocks last week