The week that was: 2016 starts with a bang a crash and a wallop
Anyone hoping for a quiet start to 2016 was pretty disappointed by mid-morning on Monday.
Macro News
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Eurozone PMI suggests “robust expansion” in 2016
A Purchasing Managers Index update published today suggests 2016 could be a year of “robust expansion” for the eurozone, according to Markit chief economist Chris Williamson.
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PA ANALYSIS: An EM rebound, calmer commodities, and other reasons to be optimistic
I’ve lost count of the number investors who described themselves as “cautiously optimistic” in 2015, but going into 2016 maybe we should drop the caution entirely (or at least tone it down a bit).
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All eyes turn to Fed’s next steps and China’s response
Markets have welcomed confirmation of the widely expected first interest rate rise since the financial crisis, but all eyes have quickly turned to focus on what comes next.
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Experts turn gaze towards European, Japanese equities
Industry commentators remain positive about equities in 2016 following the rate hike, opting for Europe and Japan over the US.
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Fed hits right notes as rates rise for the first time in nine years
About the right amount of ‘dovishness’ seems to be the initial verdict from market commentators pronouncing on what had been billed as the biggest event in financial markets since the collapse of Lehman Brothers.
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The funds most sensitive to a Fed rate hike
With the Federal Open Market Committee expected to raise interest rates for the first time since 2006, we thought it a good idea to look at the funds that would be most affected by a decision.
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India’s growth momentum lifts equity funds
For funds invested in Indian equities, 2015 is shaping out to be a good year as the country shows that it is able to reward investors with its resilient domestic consumer base.
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Oil price plunge looms large on investors’ minds
The plunge in oil has moved front and centre in investors’ market thinking despite the looming Fed rate decision, experts say. But not all the thinking is negative.
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Third finance minister in five days lifts SA focused financials
South African President, Jacob Zuma’s decision on Sunday to name the country’s third finance minister in five days saw the country’s currency and Johannesburg and London-listed financial stocks, rebound sharply in early trade on Monday.
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Carney holds fire on rates as confidence dips
The Bank of England confirmed today rates will be held steady at 0.5% as widely expected just as data emerged showing a small dip in UK consumer confidence.
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Expect lower-for-longer oil as OPEC keeps up production
OPEC announced that the cartel will not cut output at its policy meeting on Friday.