Beyond Bulls & Bears

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Last week was tough for global equities, with most major indices trading lower following a “hawkish pause” from the Federal Reserve (Fed), sending Treasury yields and the US dollar higher

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Pressures on the UK consumer remain front and centre. There is a focus on the extreme moves in mortgage rates and the potential impact this will have on the housing market and consumer spending. The government has brought forward its fiscal statement to 31 October in order to shore up market confidence.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

It had seemed like COVID-19 trends in Europe were showing signs of progress, but last week brought further concerns about infection rates in the United States and Asia.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

European markets were broadly higher last week, with rotation out of momentum and into value the key theme. We are seeing more signs that macro data has bottomed, raising hopes for the start of a recovery as COVID-19 lockdowns continue to ease.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Government lockdowns across some key markets have eased slightly in the last week, but concerns over the potential of a second wave of COVID-19 infections still persist. Meanwhile, ongoing US/China trade tensions look to remain a market driver.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities generally ground higher last week as optimism grew that we may be through the worst of the coronavirus pandemic. Across Europe, there has been a very gradual loosening of lockdown measures as governments try to get economies moving.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Markets were buoyed overall throughout last week, but the balancing act of reopening economic activity too early and stemming the catastrophic economic impact of COVID-19 is clearly one of the most controversial and difficult decisions facing global leaders.