- Recession risks fade as global triggers stabilise
- Hopes of US/China ‘phase one’ trade deal dashed
- Brent crude gained 0.1% ending the week at $63.4 a barrel
- Gold fell 0.3 % ending the week at $1462.7 an ounce
Imperium Capital Publication
Weekly Digest – 18 November 2019
- Germany managed to avoid a technical recession in Q3 with a GDP growth reading of 0.1%
- The large-cap Dow Jones Industrial Average and S&P 500 reached record highs over the past week
- Brent crude rose 1.3% to $63.3 a barrel
- Gold rose 0.4% to $1467.7 an ounce
Viewpoint – November 2019
Risk assets made further progress in October, with equities leading the way. Wall Street gained 2.1% and reached a new all-time high, but, as in September, the best returns came outside the US: Japan was up by 5%, Asia ex-Japan by 4.5% and emerging markets by 4.2%. Among the major markets, only the UK was down (-2.1%) as a strong rally in sterling put pressure on the big overseas earners, which dominate the UK stock market. The improved appetite for risk was reflected in bond markets, with safe-haven government bonds flat or down while credit markets produced positive returns, led by US corporate bonds up 0.6%.
Weekly Digest – 11 November 2019
- The Federal Reserve cut rates for the third time in four months
- Flows into European stocks outpaced those of US equities over the week
- Brent crude fell 0.5% to $61.7 a barrel as inventories rose by 1.22m at the US’s largest storage hub
- Gold rose 0.4% to $1509.2 an ounce
Weekly Digest – 04 November 2019
- The Federal Reserve cut rates for the third time in four months
- Flows into European stocks outpaced those of US equities over the week
- Brent crude fell 0.5% to $61.7 a barrel as inventories rose by 1.22m at the US’s largest storage hub
- Gold rose 0.4% to $1509.2 an ounce