Archinomics weekly update: Monday 25 November 2019
25 November 2019 | Investments
7 months ago
In this week's podcast...
Delays to signing phase one of the US/China trade deal have had differing impacts on sentiment in Europe and the emerging markets. We also discuss the possible repercussions of elections in Hong Kong over the weekend.
Presented by Quentin De Bottini, Investment Manager, and Alex Burn, CFA Investment Manager. Hosted by Jonathan Arthur, Senior Product Specialist.
Click on the player image below to listen to the podcast on the Soundcloud platform.
The Nasdaq index hit a new record, led by the tech giants, while e-commerce stocks boosted the Chinese market to its best performance in five years. Government and corporate bond markets remained firm, despite cuts to economic growth forecasts. We look forward to dramatic profit declines for Q2, as the US reporting season gets underway this week.
With all the talk of the ‘new normal’ post lockdowns and forecasts of a V-shaped recovery, markets have rallied hard over the second quarter. Financial markets are awash with liquidity and there are promises of further support from central banks.
Our discussion today focussed on the likely shape of the US recovery and the repercussions on the pace of recovery in China. We then unpack the latest gyrations in the oil price, as well as gold price weakness in the context of government bond market strength.