The latest market updates are brought to you by Investment Managers & Analysts at Wealth at Work Limited which is a member of the Wealth at Work group of companies.
Yesterday, global equity markets fell heavily, with the FTSE-100 down 252 points – just shy of a 4% loss. On Wall Street, the Dow Jones lost over 1,800 points, or nearly 7%, while the broader S&P 500 index ended the day almost 6% lower.
Our focus yesterday evening (Wednesday 10 June 2020) was on the press conference from the Fed Chair, Jay Powell, for any hints on what the US central bank may do in the future following last Friday’s (5 June 2020) stunning employment data (when 2.5m jobs were added).
Global equities continue to weaken after the recent strong rally. Having ended yesterday (Tuesday 9 June 2020) down 136.87 points, or 2.12%, the FTSE-100 is down a further 30 points, or 0.5%, this morning.
Although the FTSE-100 ended yesterday down 11.71 points (or 0.18%) and is currently down a further 100 points (1.50%) this morning, it doesn’t mean that last week’s equity market rally has run its course as there are plenty of signs that the positive sentiment is here to stay given the continuing easing of lockdowns
Equities on Wall Street closed mixed last night (4 June 2020) following US jobless data: while the Dow Jones mustered a gain of 11.93 points, or 0.05%, the broader based S&P 500 index fell 0.34%.
It was another day and another rally for global equity markets yesterday (3 June 2020), as the FTSE-100 rose 162.27 points, or 2.61%.
Given all the negative news headlines covering the coronavirus outbreak; rising unemployment; US/China tensions; and the protests across America, you might expect that global equity markets would be weaker.
US equities had a volatile day yesterday (1 June 2020).
Yesterday’s (28 May 2020) economic data was very encouraging with clear green shoots of a post-lockdown recovery.
Global equity markets continued to rise yesterday (27 May 2020) as economic reopenings, stimulus measures and optimism about efforts to find a treatment and vaccine for the coronavirus outweighed the simmering geopolitical tensions between the US and China.
The impact COVID-19 has had on pension savings and the fact that many household incomes are under extreme pressure means individuals are now at greater risk of falling for a scam.
18th June 2020
Due to the global stock market volatility and the fact that household incomes are coming under extreme pressure, people aged 55 or over may be tempted to access their pension.
29th May 2020
The incomes of many households across the UK have been seriously impacted by the coronavirus. More than 9 million people are expected to be furloughed*, the self-employed who are eligible for help will not receive it until June, and some people are not eligible for any of this help including the recently self-employed.
21st April 2020
June closed with plenty of razzle-dazzle thanks to the biggest increase in US consumer confidence since November 2011.
1st July 2020
The tug of war between an economic recovery versus a rise in coronavirus cases has continued overnight. US equity markets yesterday recouped the vast majority of last week’s losses, after the Dow Jones rallied nearly 600 points, or 2.32%
30th June 2020
Global equity markets reversed yesterday morning’s losses to close in positive territory – and this positive sentiment has continued into today, with the FTSE-100 currently up around 80 points, or 1.30%.
26th June 2020
