Beyond Bulls & Bears

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Key themes our European Trading Desk team has an eye on include the ongoing COVID-19 pandemic and its impact, earnings season in the United States and Europe, monetary policy meetings and ugly gross domestic product (GDP) data.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

The COVID-19 threat remains as the number of cases and deaths continues to climb in the United States, and also elsewhere. Focus this week will be on the US Federal Reserve’s interest-rate announcement Wednesday and the press conference with Chair Jerome Powell that follows.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Although many market participants are taking summer holidays, there is still a lot of noise expected this week as corporate earnings in United States and Europe continue to be a focus. News on the EU COVID-19 bailout will be a key driver for the region as well.

Notes from the Trading Desk – Europe
Equity

Notes from the Trading Desk – Europe

Markets continue to struggle with the two-way pull between the unprecedented monetary and fiscal policy stimulus through this year and any further economic fallout from a second wave of COVID-19 infections.

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

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

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.