Market Flash: Onwards And Upwards

Edmond de Rothschild
By August 27, 2018 13:02

Market Flash: Onwards And Upwards

On the markets

Equity markets moved higher in a quieter week. The US-China trade talks were described as “constructive and frank” or in other words, ‘we haven’t yet reached a deal but at least we’re talking’. The FOMC minutes suggested rate hikes would continue as initially planned, i.e. with no increase in pace despite the buoyant US economy, maintaining a rather favourable environment for markets. However, the Fed also stressed that the global economy would be at risk if trade conflicts were to intensify, a stone in Donald Trump's garden. The US president also resumed attacks on the Fed, sending the US dollar slightly lower and commodity prices a little higher. The equity market rebound resulted in bonds falling very slightly after a fortnight of safe haven status. Recent market falls helped us reshuffle our options hedging so as to tactically increase equity exposure. 

Edmond de Rothschild
By August 27, 2018 13:02

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