Market Update – 5th April 2023. - 5th April 2023
On Monday markets were surprised by an announcement from OPEC+ (The Organization of Petroleum Exporting Countries) that its members would cut output
On Monday markets were surprised by an announcement from OPEC+ (The Organization of Petroleum Exporting Countries) that its members would cut output
The banking sector continues to dominate market sentiment, however, there is a greater sense of calm amongst investors this week following the news that
Stocks clawed back their losses this week and markets returned to a sense of calm on Monday as investors digested the takeover by UBS
Today’s (Wednesday 15 March 2023) Spring Budget was largely relegated to a side-show by equity markets thanks to the collapse of Silicon Valley Bank in the US
Markets got off to a slow start this week, failing to make traction with investors weighing in on Fed Chair, Jerome Powell, who spoke on Tuesday (7 March 2023) before the Senate Banking, Housing and Urban Affairs Committee
Markets rose from their lows of last week on Monday (27 February) after Prime Minister Rishi Sunak reached a new trade deal with the European Commission president after four months of negotiations.
Markets got off to a slow start this week with the US markets closed on Monday for Presidents Day.
Markets focus this week remained heavily on US and UK CPI data.
Global equity markets have had a positive start to the week thanks to better-than-expected company earning statements and comments from the Fed Chair, Jay Powell.
Investors continue to weigh on comments from Fed officials this week whilst keeping a close eye on corporate earnings.