Current Investment Perspectives
S&P 500 ended up 0.09% as markets reacted to the increased geopolitical tensions as well as the Fed’s announcement on policy. Nevertheless, volatility remained in check, with the VIX hovering near its all-time lows. The Stoxx Europe 600 Index rose 0.68% primarily boosted by financials.
The S&P 500 started the month on a cautious note, down -0.6% as reports of nuclear developments in North Korea and Hurricane Irma spurred risk aversion. The S&P 500 snapped a six-day winning streak, its longest in a year. European stocks reacted positively when the ECB kept rates steady, but finished the week down -0.1% as gains were capped by euro strength. The Japanese TOPIX traded near four-month lows and closed down -1.6%, as investors anticipate possible tensions during North Korea’s founding anniversary over the weekend.
The S&P 500 saw a boost from upbeat economic data releases and notched its fourth positive week, the longest streak in three months, ahead of the Labor Day holiday.
US equities rebounded, ending 2 straight weeks of losses, with the S&P 500 up 0.74% and the Dow Jones Avg. up 0.69%. Markets have started eyeing the potential downside risk of a government shutdown should Congress fail to extend the debt ceiling this year. Meanwhile Japanese equities ended the week down -0.02%, as the unusually long rainy season takes its toll on retailers. The Stoxx Europe 600 ended the week up -0.02%
Continue: August 28, 2017 Investment Perspectives
The S&P 500 index ended last week flat as broad strength in corp. earnings offset weakness in the tech sector. US equity volatility continued to hold at exceptionally low levels— the VIX index’s average weekly level was the lowest since 1993. In Europe, the STOXX 600 index ended the week down -0.5% with similarly low volatility. In Japan, the TOPIX ended the week down -0.5%.
Continue: July 31, 2017 Investment Perspectives
The S&P 500 Index rose 0.6% despite losing steam late last week as some names weighed down the index with weaker earnings results. The Euro Stoxx 600 declined 1.7% as Euro strength acted as a headwind to equity performance. Bucking the trend, the FTSE 100 rose 1% as sterling weakness propped investor confidence amidst the second round of Brexit negotiations.
Continue: July 24,2017 Investment Perspectives
US equities rose with the S&P 500 Index up 1.42%. Gains were made following Fed Chair Yellen’s comments that hinted at the potential for a more gradual pace of rate interest rate hikes if subdued inflationary expectations were to persist.
Continue: July 17, 2017 Investment Perspectives
In a holiday shortened week for US markets, the S&P 500 ended flat, as an early rise on the back of strong manufacturing data was offset by weakness in energy stocks. The Stoxx Europe 600 ended roughly flat, with sliding oil prices and hawkish ECB (European Central Bank) minutes dominating selling in the latter half of the week. In Asia, the Shanghai Composite notched slightly higher buoyed by positive PMI data.
Continue: July 10, 2017 Investment Perspectives
US equities ended the week 0.6% lower, capped by a 2% drop in technology, this year’s strongest-performing S&P 500 sector. European equity indices fell broadly as hawkish comments from central bankers spurred a selloff. The Stoxx Europe 600 fell 2.1% and the FTSE 100 fell 1.5%. Japanese stocks also traded lower, mirroring the pressure on US and European markets.
Continue: July 3, 2017 Investment Perspectives
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