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 8th November 2021

one year ago



All major US indices hit record highs, buoyed by a strong end to Q3 earnings season, as well as dovish rhetoric from the US Federal Reserve (Fed). European indices were also boosted by strong earnings and a supportive central bank. Japanese equities responded positively to a win for the ruling party of Prime Minister Kishida, while China underperformed, on continued weakness in the property sector.


US Treasury bond yields fell, and prices rose, as the Fed confirmed its ‘patient’ approach to monetary policy tightening. Investment grade corporate bond yields fell closer to government bond yields, while a similar dynamic was seen in the high yield sector.


Sterling dipped against all majors, as the Bank of England left interest rates unchanged, while the yen gained ground across the board. The euro improved against the US dollar, despite assurances from the European Central Bank that interest rates were unlikely to rise in 2022.


Oil slipped from recent highs, as the Biden administration raised the prospect of releasing strategic reserves. Gold rose 2% on the week.

Responsible investing

At the UN Climate Change Conference, or COP26, world leaders pledged action on deforestation, as well as methane and coal production. The International Energy Agency estimated these pledges could limit the rise in global temperatures to 1.8˚C from their previous estimate of 2.7˚C.


The Fed announced plans for a gradual tapering of its pandemic-era bond buying programme, while committing to remaining ‘patient’ on inflation.

US non-farm payrolls added 531,000 jobs, comfortably beating estimates, while the unemployment rate fell to 4.6%.

President Biden’s $1 trillion Infrastructure plan became law, prompting a vow to secure success for his $1.75 trillion social package.

on the

Inflation data from the US, China and Japan will be closely analysed.

The Chinese Communist Party looks set to prepare the path for President Xi Jinping’s historic third term of office.

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


Latest investment news


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.


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.


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.

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.