asset management

January 13, 2021
Economy , Markets , Politics
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Increased prospects for a sizeable fiscal stimulus under the incoming Biden administration appeared to be the key factor driving last week’s gains.

Democrats managed to gain control of the Senate, given the tie-breaking vote by incoming Vice President Kamala Harris. The world was shaken on Wednesday when protestors stormed the U.S Capitol. This assault appeared to unsettle markets, but only modestly. Economic data were mixed last week. ISM manu...

December 15, 2020
Bussiness , Economy , Markets , Politics
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Recent data continue to imply a robust economy

Recent data continue to imply a robust economy, but the recovery has unquestionably shifted into a lower gear amid rising cases. Medical advisers to the FDA recommended approval of the Pfizer-BioNTech COVID vaccine last week, clearing the way for FDA emergency authorization. The positive outlook for...

December 2, 2020
Bussiness , Economy , Investments , Politics
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Markets reacted positively to a new round of vaccine optimism and diminishing political uncertainty.

Markets reacted positively to a new round of vaccine optimism and diminishing political uncertainty. On the political front, Joe Biden has named former Fed Chair Janet Yellen as his nominee for Treasury Secretary. Yellen’s dovish tenure while at the Fed and, more notably, the fact that she is ...

November 2, 2020
Bussiness , Economy , Markets , Politics
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U.S stocks posted a second week of gains

U.S stocks posted a second week of gains following news of progress in developing a COVID-19 vaccine. The S&P 500 closed at a new record high, while Dow Jones Industrial Average and the smaller-cap benchmarks performed best.On the contrary, technology-heavy Nasdaq Composite Index lagged. The inc...

November 2, 2020
Politics
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European stocks sold off the most since their March collapse.

European stocks sold off the most since their March collapse, as investors are concerned that lockdowns seeking to control the coronavirus’ spread could force the Eurozone economy into a double-dip recession. The pan- European STOXX Europe 600 Index tumbled 5.56% lower, with major indexes also pos...

October 21, 2020
Markets , Politics
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Market Commentary & Outlook

The prospects of a relief package being passed before the election seemed to dim further, while coronavirus worries also seemed to dampen sentiment during much of the week. US President Trump said on Thursday he would agree to go higher than the $1.8tn that the White House has offered in coronavirus...

October 7, 2020
Investments
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U.S. major indexes finished higher on hopes that Congress will reach a deal on another coronavirus-relief bill.

U.S. major indexes finished higher for the week, on hopes that Congress will reach a deal on another coronavirus-relief bill. Equities finished a choppy September down 4%, as the six-month rally from the March low took a breather. Most sectors within the S&P 500 Index posted solid positive retur...

September 24, 2020
Politics
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The U.S. economy continued to climb its way out of the pandemic downturn. Promises for a rebound.

The U.S. economy continued to climb its way out of the pandemic downturn, as recent data showed promise for the rebound, particularly around the consumer. Economic readings released last week were consistent with improving consumer conditions, including: the latest NAHB home builders index rising fo...

May 12, 2020
Politics
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Market Commentary & Outlook for EU, U.S and Asia.

US data continued to disappoint, with the economic fallout from the COVID-19 clearly on display this week. Data included a widening U.S. trade deficit in March, plunging vehicle sales in April (-24.5% m/m) and the service sector falling into contractionary territory. US economy lost a massive ...

February 4, 2020
Politics
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Coronavirus concerns weigh on risky assets.

By the end of the week, approximately 14,000 cases had been reported and at least 304 deaths, the World Health Organization (WHO) had declared the outbreak a global health emergency. However, the WHO did not recommend any travel or trade restrictions, though the Chinese have imposed extensive travel...

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