SNAPSHOT2 min read

Caspar Rock: Monday markets - the week ahead on 5 August

Last week saw a sell-off following an escalation in the US-China trade stand-off and "disappointing" commentary from the Federal Reserve. Volatility looks set to persist.

05/08/2019
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Authors

Caspar Rock
Chief Investment Officer
  • The upcoming week is light on newsflow but it follows a volatile week for bonds, equities and currencies.
  • Last week’s Fed rate cut, coupled with a further escalation in the US-China trade stand-off, resulted in a sharp sell-off.
  • US equities ended the week 3% lower and European equities were down by about 4%.
  • UK asset volatility continues with markets pricing in a higher probability of either a general election or hard Brexit.
  • Today’s global PMI (Purchasing Managing Index) data will be closely watched following last month’s divergence between weaker manufacturing and stronger services figure.

Authors

Caspar Rock
Chief Investment Officer

Topics

The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.