Beyond Bulls & Bears

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Economic data in developed markets continued to improve in June. Whilst we are not seeing all-time highs as in the United States in terms of positive macro surprises, the euro area seems to have now troughed and has reverted sharply.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Clearly, the continued easing of COVID-19 lockdowns was in focus, with a close eye on an infection rates. For the most part, Europe tends to be faring relatively well, whilst the US rate is sharply on the rise, seeing record one-day increases in cases.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities recovered to trade higher last week, shaking off headlines on coronavirus second-wave fears, trade spats, poor economic data and US political uncertainty to focus on fiscal and monetary stimulus.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Last week saw global equity markets pause for breath, with most major indices declining when faced with a sobering economic outlook from the US Federal Reserve (Fed) and fears of a second wave of COVID-19 infections.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equity markets were buoyant last week, as news of further economic stimulus in Europe, better-than-expected U S employment data and a continued easing of lockdown measures all helped boost market sentiment.

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

Concerns over trade and UK politics have bubbled away throughout the past year and with progress in both of these areas last week, as well as benign central bank developments, markets received a welcome boost. European and US markets both hit record highs last week.

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

Last week saw equity markets tread water ahead of a number of upcoming notable events and catalysts expected this week. Still, the narrative around US trade relations with the rest of the world was a prime focus, as US President Donald Trump shared his thoughts on the US relationship with a number of different countries. 

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

We expect the conclusion of the UK Conservative leadership battle and the stance of the UK’s new leader will dominate headlines this week. We can also expect more developments from both Italy and Spain on the political front. Earnings season in Europe will see its busiest week of the quarter so far, with single stock moves likely to impact indices.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities were relatively flat last week as investors watched with bated breath ahead of the meeting between US and Chinese Presidents Donald Trump and Xi Jinping at the G20 summit. Volumes were lower, even into month- and quarter-end, as markets anticipated a stalemate between the two sides.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Global equities’ performance last week contributed to their strongest quarter since 2010. The rally comes on the back of what was a weighty selloff for global equities into year-end last year.  Renewed hopes that a trade deal between the United States and China will eventually be struck drove the move higher, along with a more dovish attitude from the US Federal Reserve which alleviated some pressure on markets. US and Chinese equities have been at the forefront of this strength.

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

Equity markets continued their recovery last week as optimism around US/China trade talks and a continued dovish narrative from the US Federal Reserve eased investor nerves. In Europe, macro data continues to be lacklustre and the noise around Brexit is back to fever pitch. But European indices still benefitted from the more positive global perspective.

Notes From the Trading Desk – Europe
Equity

Notes From the Trading Desk – Europe

Positive catalysts helped European equities edge higher throughout last week. These included the hopes of an easing in global trade-war tensions and political progress in Italy. Nevertheless, concerns over Brexit and some disappointing data from Europe and China continue to cast a dark shadow.