Please find below our Weekly Market Update for the week ending 26th April 2019.
This week we are just providing you with a succinct snapshot from Bloomberg which we think nicely sums up current activity.
Investment markets have recovered strongly this year but the question is, are equities going to push on, are they going to pause before pushing forward or is the rally going to tail off? More about this in our monthly commentary but for the time-being, these 2 paragraphs from Bloomberg encapsulate what has been happening this week. A week in which portfolios started off well but have now posted two days of losses.
“At the end of a busy week for earnings, investors are taking stock of both good and bad corporate surprises against a fragile economic backdrop. U.S. first-quarter gross domestic product data due Friday will be closely watched as they seek reasons to reignite the 2019 rally in risk assets. Meanwhile, renewed concerns in a number of emerging markets including Turkey and Argentina are adding to the cautious mood.
Developing-nation currencies steadied despite declines in Argentina’s peso and Turkey’s lira. The pound was little changed, with Prime Minister Theresa May preparing to admit that the U.K. won’t be able to avoid taking part in European elections. Crude oil fell for a third day in New York.”
Have a lovely weekend