World Markets Weekly Review 06-10 Sept 2021

World markets were weaker this week as cautious risk sentiment dominated putting downward pressure on equities. Significant global economic uncertainty followed investors as well as worries about a looming reduction in central bank stimulus. Global growth and inflation concerns are also mounting. The European Central Bank met and decided to trim its emergency bond purchases over the coming quarter, in a shift ECB’s

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World Markets Weekly Review 30 Aug-03 Sept 2021

World markets kissed summer goodbye and moved into what has typically been the worst period of the year for risk assets: September. Traders and investors digested a plethora of economic data, including a much softer-than-expected August U.S. nonfarm payroll report. The week was rich in major events: The last U.S. military plane left Afghanistan this week after the 20-year conflict that killed

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World Markets Weekly Review 23-27/08/2021

World markets were higher this week despite increased volatility and light trading volumes as is typical for late summer. Geopolitical uncertainties took center stage as two explosions near the Kabul airport in Afghanistan killed  at least 90 Afghans, 13 US soldiers and wounded several people amid the U.S. military’s withdrawal from the country. Political developments in China also made headlines as the

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World Markets Weekly Review 16-20/08/2021

World markets were pressured during the week by concerns about geopolitical issues (the ongoing situation in Afghanistan), slowing global growth and the outlook for monetary policy following the release of the minutes of the latest U.S. Federal Reserve meeting. The risk-off mood was driven by signals from Fed policymakers that the current level of extraordinary stimulus may soon be gone. As central

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World Markets Weekly Review 09-13/08/2021

World markets were higher this week as investors focused on hopes about the economic recovery and shrugged off worries about U.S. inflation. The consumer price index in the world’s largest economy  is at a 13-year-high. However prices of goods and services rose less in July than they did in June on a month-to-month basis. But does this mean that Federal Reserve Chair

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World Markets Weekly Review 02-06/08/2021

World markets were buoyed by upbeat earnings reports this week and a better-than-expected labor report out of the U.S. with investors gauging the pace of the recovery. Denmark’s Maersk, the world’s largest container shipping firm, posted a 200% increase in profits from a year ago amid skyrocketing shipping rates. In the U.S. employers added 943,000 jobs in June, well above consensus estimates but

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World Markets Weekly Review 26-30/07/2021

World markets volatility was on the rise this week. A tsunami of corporate results, conflicting economic economic data, a US Federal Reserve meeting, and further regulatory crackdowns by Chinese authorities on major industries, notably tech and education, made the last week of July the busiest one so far this summer. Federal Chair Jerome Powell on Wednesday indicated that the central bank would

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