The global economy and financial markets
In the below articles, Michael O’Dea and Matt Sherwood from Perpetual’s Multi Asset team share their perspectives on the most recent developments of the continuously evolving Coronavirus situation and the related implications on financial markets, the global economy and policy responses. Read their daily insights here and stay up to date about what the developments mean for investors.
Thoughts on the market
- Review of the overnight developments
- Update on the global economy & financial markets
- Summary of the most recent policy responses
- Coronavirus update
Latest Update: 14 December 2020 - What’s to worry about, when the market says there’s nothing to worry about in 2021?
28 September 2020 - Global stocks record a fourth week of price declines
25 September 2020 - Credit spreads move wider as the US labour market improvements continue to wane.
24 September 2020 -Risk markets decline further, and the US Dollar extends its advance
23 September 2020 - The global sharemarket bounces, but high yield credit spreads widen more
21 September 2020 - What are the implications of passing the policy peak?
18 September 2020 - Investors fret that there is not enough stimulus to sustain economic growth
17 September 2020 - Achieving its employment and inflation targets is now out of the Fed’s hands
15 September 2020 - Markets rally as investors wait for the Fed to confirm that rates are on hold
14 September 2020 - The three issues which are holding markets back
11 September 2020 - The tech selldown resurfaces
10 September 2020 - Markets rebound, but for how long?
7 September 2020 - The US labour market recovery is not as good as the headline suggests
3 September 2020 - More record sharemarket highs driven by defensive sectors
2 September 2020 - How worried should the RBA be about the currency and what can they do?
1 September 2020 - Is European credit sending us a message?
28 August 2020 - The Fed’s "revolution" means nothing will change
27 August 2020 - Getting the right message from the July US durable goods report
26 August 2020 - : US market hits another all-time high, but the FY21 earnings outlook looks weak
25 August 2020 - Markets speculate on COVID-19 treatments
24 August 2020 - It’s a stalling market recovery outside of tech
21 August 2020 - Too small to fail?
20 August 2020 - The Fed provides no guidance on its future guidance
17 August 2020 - Too small to fail?
14 August 2020 - Is good news now bad news?
12 August 2020 - Rotation out of expensive tech into traditional cyclicals continues for a third day
11 August 2020 - Risk markets begin the new week with marginal advances
10 August 2020 - The US labour market is slowing, just as fiscal stimulus is declining
30 July 2020 - Deflation hits Australia, but don’t worry we are not Japan…. yet.
29 July 2020 - More evidence of a cooling in the gloabl recovery
28 July 2020 - Fed speculation sparks a tech rally, but is it sustainable?
27 July 2020 - Is this as good as it gets?
24 July 2020 - Australian Budget does a 180 (plus 6 billion for good measure!)
23 July 2020 - Has the US recovery stalled?
22 July 2020 - Markets post modest gains as the latest US stimulus packages faces delays
21 July 2020 - Markets record a narrow rally amid speculation around vaccines and stimulus
20 July 2020 - Is Friday’s sector rotation a sign that the market recovery is flattening out?
17 July 2020 - Mixed economic data prompts investors to take profits and the US dollar to rally
16 July 2020 - Markets continue to speculate over a COVID-19 vaccine
13 July 2020 - Why higher goods demand does not signal a V-shaped global recovery
10 July 2020 - The Fed has achieved the impossible
3 July 2020 - The surge in US non-farm payrolls is not what it seems…
30 June 2020 - Portfolio rebalancing sees global equity markets rise, but for how long?
29 June 2020 - Global cases top 10 million without a vaccine in sight
26 June 2020 - Global markets rally
24 June 2020 - What would Shakespeare say about the current state of markets?
23 June 2020 - Equity markets rise as COVID-19 surges through 9 million cases
18 June 2020 - Global COVID-19 cases continue to surge
17 June 2020 - May US retail sales surge and outweigh rising COVID-19 case numbers
16 June 2020 - A Fed policy re-annoucement ignites risk-on sentiment
15 June 2020 - A slightly smaller crater but a prolonged malaise
12 June 2020 - The global risk market rally comes to an abrupt halt
11 June 2020 - Powell speaks and markets sell off
10 June 2020 - Concerns mount about the market rally
9 June 2020 - Steeper yield curves set to continue the rotation to ‘value’
5 June 2020 - European policy makers over-deliver, but risk markets pause
4 June 2020 - Economic data is starting to stabilise
2 June 2020 - The Empire Strikes Back
1 June 2020 - Trump sticks to the script, but the fiscal cliff still looms
29 May 2020 - Trump to detail his China response tonight
28 May 2020 - How large is the EU’s recovery fund?
27 May 2020 - Geopolitical tensions limit risk market advances
26 May 2020 - The US default cycle has started
25 May 2020 - Could the next cycle be weaker than the last?
22 May 2020 - Another wave of Cov-19 in Latin America
21 May 2020 - Stocks rise to 10-week highs, but when will the payback for the stimulus come?
20 May 2020 - Are markets jumping at shadows?
19 May 2020 - Are markets now willing to overlook all risks?
18 May 2020 - The worrying sign from the US sharemarket
15 May 2020 - The Wall Street/Main Street disconnect continues
14 May 2020 - If the bear market rally is over, where are the stress points?
13 May 2020 - The Fed warns about the risks of reopening the US too soon
12 May 2020 - Stocks and credit record modest losses
11 May 2020 - US unemployment has not peaked
8 May 2020 - It’s just another day
7 May 2020 - “Risk-off mood” in markets
6 May 2020 - Overnight market rally
5 May 2020 - Deteriorating relations between the US and China
30 April 2020 - Markets focus on what might be good
29 April 2020 - Declining consumer confidence
28 April 2020 - Investors overlook another -25% oil plunge
27 April 2020 - When can economies re-open and what will it mean?
24 April 2020 - Things will be much worse before they get bad
23 April 2020 - The calm before the next storm
22 April 2020 - A long recovery path
21 April 2020 - Over the cliff she goes…
20 April 2020 - Considerable uncertainty ahead
17 April 2020 - A volatile night
16 April 2020 - Has the market changed its focus?
15 April 2020 - A massive growth hole ahead
14 April 2020 - A couple of tail risks starting to dissipate
9 April 2020 - An up-and-down state of the market
8 April 2020 - US market gives up a 3.5% advance
7 April 2020 - Mixed overnight moves
6 April 2020 - The night gets darker
3 April 2020 - A mixed night on risk markets
2 April 2020 - A tough night for global markets
1 April 2020 - China's improved PMI may not be a sign that things are back to normal
31 March 2020 - What are the markets factoring in?
27 March 2020 - The US overtakes China in Cov-19 cases
26 March 2020 - Thoughts on the Market
25 March 2020 - A third phase of Cov-19 and a hell of a growth hole
24 March 2020 - View of the Fed
23 March 2020 - The Australian policy response
20 March 2020 - Thoughts on the Market
19 March 2020 - Overnight developments
Perpetual’s Multi Asset team invests across a diverse range of strategies, regions and sectors. Find out more here, contact our Adviser Services team on 1800 062 725 or speak to your Business Development Manager today.
Visit our COVID-19 Insights Hub for economic and market updates to keep you informed as the situation evolves.