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Archinomics Weekly - Monday 6th September 2021

2 years ago

the
MARKETS

Equities

US stock markets hit all-time highs again last week, led by the tech-focused Nasdaq. European markets were also slightly higher. It was a stronger week for Asian and emerging markets, with China gaining 1.7% and Japan’s Nikkei 225 rising 5.4%.

Bonds

After disappointing US jobs data, US Treasury prices finished the week lower (and yields were higher). European government bonds followed suit. Investment grade corporate bond prices were also lower in both regions, but high yield bond prices rose.

Currencies

The US dollar was weaker across the board last week. Sterling was flat against the euro but rose against the dollar and the yen, while the euro was also stronger against the dollar and the yen.

Commodities

Brent Crude oil was slightly weaker last week, finishing at $72.60 per barrel. Copper and other industrial metals finished the week higher on an improved demand outlook.

Responsible investing

US and German regulators launched an inquiry into asset manager DWS, after claims that it misrepresented its ESG analysis capabilities.

MACROECONOMIC
UPDATE

US non-farm payrolls came in far below expectations. The US economy added 235,000 jobs in August, against an expected 733,000.


China’s Caixin manufacturing purchasing managers’ index (PMI) reading for August came in at 49.2, signalling a contraction in economic activity.

on the
RADAR

Chinese import and export data will give a fresh insight into how the Chinese economy has handled the latest outbreak of the Delta variant.


The European Central Bank (ECB) will provide its latest interest rate decision.

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

Architas

Latest investment news

Insight

Archinomics Monthly - August 2023

Article | Investments | 06/09/2023

China’s economic activity remained under pressure. Exports tumbled 14.5% year on year in July, the steepest fall since the start of the pandemic, while imports fell 12.4% on a year-on-year basis.

Insight

Archinomics Monthly - July 2023

Article | Investments | 04/08/2023

After the pause in June, the US Federal Reserve (Fed) raised interest rates by 25 basis points in July, taking the federal funds rate to a range of 5.25-5.50%, a 22-year high.

Insight

Archinomics Monthly - June 2023

Article | Investments | 06/07/2023

The US Federal Reserve (Fed) paused its rate-hiking stance for the first time in 14 months as it waits to see how the significant hikes already implemented will feed through into the economy.

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