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The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Week ending 14th May 2021.
17th May 2021
There has only been one theme in play this week: inflation – thanks to Wednesday’s (12 May 2021) 4.2% US CPI inflation reading.
Week ending 7th May 2021.
10th May 2021
If it was worth us stressing once, it is worth us repeating and repeating it ad nauseum: an increase interest rates is many years away.
Week ending 30th April 2021.
4th May 2021
It has been an interesting week: recent robust economic data allowed Jay Powell, the Fed Chair (the US central bank), to talk optimistically about the economic outlook, while at the same time effectively reminding the market of the famous mantra ‘don’t fight the Fed’, as he repeated it was far too early to consider tighter monetary policy.
Week ending 23rd April 2021.
26th April 2021
Better-than-expected economic data failed to push equity markets higher this week thanks to a resurgence in coronavirus cases (mainly due to India) coupled with reports that Joe Biden is considering plans to almost double the capital gains tax rate to 39.6%.
Week ending 16th April 2021.
19th April 2021
The FTSE-100 ended the week above the 7,000 level - a level not seen since 26 February 2020 and a far cry from the sub-5,000 level it fell to in those dark and uncertain times last March.
Week ending 9th April 2021.
12th April 2021
The markets’ obsession with inflationary pressures continued this week after US PPI data climbed 1% in March, taking its annual advance to 4.2%.