Imperium Capital Publication

Weekly Digest – 29 July 2019

  • US large-cap benchmarks again reached new highs
  • The International Monetary Fund further reduced its global growth outlook
  • Brent crude rallied 1.6%, ending the week at $63.5 per barrel
  • Gold prices fell 0.5% to $1418.7 an ounce

Viewpoint – July 2019

The trade war-inspired sell-off in equity markets in May rapidly reversed in June, while yields on bonds continued the decline that started in late 2018, leaving nearly all asset classes in positive territory for the month. The US again led the way, returning 7.0% in June, taking the MSCI World index up 6.6%, while emerging markets participated fully in the rise, returning 6.2%. The notable laggard was Japan, up only 2.8%, while the UK was held back by Brexit worries, returning 4.0%. Bond markets also rallied strongly with most gaining 1-2% or in the case of emerging market bonds 4.1%.

Weekly Digest – 15 July 2019

  • US large-cap benchmarks reached new highs
  • The European Commission lowers growth and inflation forecasts for next year
  • Brent crude rallied 3.9%, ending the week at $66.7 per barrel
  • Gold prices rose 0.9% to $1411 an ounce

Weekly Digest – 01 July 2019

  • US and China agreed to restart trade talks during the G20 summit
  • The current US economic expansion is now the longest on record
  • Brent crude gained 2.1%, ending the week at $66.6 per barrel
  • Gold prices rose 1.1%, ending the week at $1409.6 per ounce