Skip to main content Skip to site footer

You are using an outdated browser. Please upgrade your browser to improve your experience.

Archinomics Weekly - Monday 22nd November 2021

one year ago

the
MARKETS

Equities

US equity indices were mixed, with growth sectors outperforming. European indices were little changed, despite the rapid climb in Covid-19 infection rates. Japanese markets were steady in advance of a new stimulus programme, while China shrugged off a fund-raising round from its beleaguered property sector.

Bonds

US Treasury bonds rallied a little as the week ended, on reports of further pandemic lockdowns in Europe, where a similar pattern was seen in core Eurozone markets. In the corporate bond markets, high levels of investment grade issuance was easily absorbed, while high yield bonds were pulled lower by the energy sector.

Currencies

The US dollar hit a sixteen-month high, as both the euro and the yen weakened in response to indications from their respective central banks of a prolonged dovish stance.

Commodities

Oil prices moderated somewhat, while natural gas prices in Europe touched €100, as Germany put approval of the Nord Stream 2 gas pipeline on the back burner.

Responsible investing

President Biden’s $1.75 trillion ‘Build Back Better’ stimulus package, featuring social security and climate impact measures, was passed by the House of Representatives.

MACROECONOMIC
UPDATE

US October retail sales jumped 1.7%, the strongest gain since March, while September data were revised higher.


The European Central Bank promised 'patience' on interest rate policy, as Eurozone October CPI inflation hit 4.1%.


Japan announced a fiscal stimulus package worth $690 billion, acknowledging its relatively slow rebound from the Covid-19 pandemic.

on the
RADAR

Flash PMI data from around the world are expected to indicate improvements in the Manufacturing sector, while the Services sector could show widespread declines.


Trading is likely to remain quiet ahead of the Thanksgiving Day market holiday in the US on Thursday.

Listen to our weekly podcast for more information and our experts’ insights.

Architas

Latest investment news

Insight

Archinomics Monthly - April 2023

Article | Investments | 05/05/2023

Fears of a banking crisis faded, with large US and European banks announcing sizeable first quarter profits. However, US investment bank JPMorgan Chase was forced into an emergency rescue of California-based regional lender First Republic Bank.

Insight

Archinomics Monthly - March 2023

Article | Investments | 06/04/2023

Financial markets were rocked by the collapse of two niche US lenders: crypto-focused Signature Bank and SVB Financial, the bank of choice for California-based start ups.

Insight

Archinomics Monthly - February 2023

Article | Investments | 06/03/2023

Tensions between the US and China rose after the US shot down a balloon, which it alleged that China was using for the purposes of espionage. The US also warned China against supplying Russia with weapons, saying it could risk escalating the war in Ukraine.

We use cookies to give you the best possible experience of our website. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how we manage them.