- Brent crude fell by 3.6% last week to $77.7 a barrel
- Gold finished the week up 0.2% at $1234 an ounce
- Corporate earnings mixed
- Global indices decline as stocks sell off
Imperium Capital Publication
Viewpoint – October 2018
After the sharp falls in emerging market currencies and markets in the previous month, a degree of stability returned in September. With the US equity market up 0.5% and indexes reaching new all-time highs, investors might be forgiven for thinking all was well. The MSCI World Index was up 0.6% with all regions producing gains, with the exception of Asia ex Japan equity market, which fell 1.4%. Emerging market equities were down modestly, falling 0.5%, dragged down by the poor performing Asian market. Emerging market currencies recovered by 1.6% in aggregate following the significant falls in August and emerging market bonds produced strong returns of 2.8%. However the modest headline moves and low volatility in the month hid a number of worrying undercurrents.
Weekly Digest – 22 October 2018
- Brent crude fell 0.8% to $80 a barrel
- Gold finished the week up 0.6% at 1227.5
- Tensions rise between Saudi Arabia and allies
- Stocks begin the week on the up, led by Asia
Weekly Digest – 15 October 2018
- Global equity market sell-off
- VIX Index spiked to 28.8 in the week, closing at 21.3
- Brent crude fell 4.4% to $80.4 per barrel
- Gold ended the week 1.5% higher at 1219.9 per ounce
Weekly Digest – 8 October 2018
- Brent crude hits another four years high, closes the week up 1.7% at $84
- Gold finished the week up 0.7% at 1201.5 per ounce
- Treasury yields rise as equity markets fell
- Risk assets fall led by FAANG stocks declining 2.9% last week
Weekly Digest – 1 October 2018
- Brent crude at a four year, high rising 4% to $82.7 last week
- Gold finished the week down 0.4% at 1192.5 per ounce
- Large Bond market sell-off over the last week continued the month’s trend
- Volatility remained subdued across global markets in September