Post date: 30/11/2020 12:05 Stocks, commodities and credit worldwide continued their scorching rally into the end of November. Optimism about COVID vaccines, fading fears about the transition of power to President-elect Biden, and confidence that monetary and fiscal policy worldwide will remain extremely accommodative throughout means investors are reaching out for the riskiest securities. Amid…
Post date: 23/11/2020 12:33 Last week saw some positive trading action in most emerging market assets, particularly currencies. We have been pointing to the cheap valuation of many of them, and the fact that most of them managed to post respectable gains in spite of a lacklustre week for other risk assets is certainly encouraging.…
Post date: 16/11/2020 13:47 As the US election and Biden’s victory receded into the background, the big news last week was the very promising results in a Pfizer/BioNTech COVID vaccine trial. Markets reacted euphorically on Monday. Although they gave back some of their early gains, stocks still posted healthy gains for the week. G10 currencies…
Post date: 09/11/2020 12:15 As the votes were tallied over the week in the key swing states, it became increasingly clear that Biden was headed for victory. While US authorities and media organisations were extremely cautious and delayed the decision until the weekend, markets celebrated earlier, with stocks rallying worldwide and safe-havens, including the US…
Post date: 02/11/2020 14:29 Risk assets tumbled last week and investors flocked into safe-havens, spooky by worsening pandemic numbers, new lockdowns in Europe and fears over US election volatility. Stock markets fell worldwide, while sovereign bonds put in a mixed performance: German Bunds rose but US Treasuries somewhat surprisingly fell through the week. The US…
