Beyond Bulls & Bears

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Investor focus has been on inflationary pressures and the impact on bond markets as many government bond yields continue to widen. Intertwined with these issues is how central banks react and adapt to this environment.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

It was encouraging to see equity markets stabilise last week, but as we move towards the fourth quarter, it does feel like investor sentiment is somewhat brittle. We did see retail investors stepping in and "buying the dip" last week. This remains an important market dynamic to watch.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Fears of peak growth and central bank hawkishness as well as recent tax hikes to pay for the impact of COVID-19 stimulus measures have all contributed to recent market bearishness.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Last week, markets appeared to be on the lookout for negatives. Whilst there wasn’t one overarching driver behind the weakness, a number of factors contributed.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

It seems the adage of “never be short a quiet market” held true recently as European equities saw their tenth consecutive all-time high, their longest run of record high sessions since 1990.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities traded weaker overall last week with much of the focus on the latest round of corporate earnings releases, which look good so far and were surprisingly positive. It was also a week where China widened its regulatory net on big technology companies, which weighed on market sentiment.

Notes from the Trading Desk—Europe
Equity

Notes from the Trading Desk—Europe

Franklin Templeton’s Notes from the Trading Desk offers a weekly overview of what our professional traders and analysts are watching in the markets. The European desk is manned by eight professionals based in Edinburgh, Scotland, with an average of 15 years of experience whose job it is to monitor the markets around the world. Their views are theirs alone and are not intended to be construed as investment advice.