Market Update: Weak links in the outlook
After a roller coaster week, markets end just a bit lower than when we started. Equity indices were mixed in their own currency terms. US investors will see their markets as slightly down, but US returns will look worse for international investors, thanks to another slip in the US dollar.
Market Update: Honeymoon ends early
There was no meaningful recovery for US stocks last week, following their cold shower last Friday. By contrast, Europe actually managed to warm a little through last week. Investors’ shift away from the US continues, and markets are no longer enamoured by Donald Trump. We can be pretty confident that the president will react to this, but how – and what effect that might have on global investments – is not clear.