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Week ending 12th March 2021.
15th March 2021
Given the US President, Joe Biden, yesterday (Thursday 11 March 2021) signed his $1.9tr fiscal stimulus bill into law, meaning that qualifying Americans (those earning less than $75,000 individually or married couples earning less than $150,000) will each start to receive their $1,400 cash payment in the coming days, coupled with this pledge to have all Americans vaccinated by May, inflation and interest rates were again the hot topic of the week.
Week ending 26th February 2021.
1st March 2021
As you can see from the accompanying table, it wasn’t a particularly pretty week for global equity markets as the ‘topic du jour’ was whether inflation is about to go into hyper drive, following some strong US economic data and comments from a BoE policymaker.
Week ending 19th February 2021.
22nd February 2021
As you can see from the accompanying table, over the week equity markets were little changed. However, of more interest is the fact that it was this time last year that equity markets began to fall as coronavirus, which until then was seen as being contained in Wuhan, started to spread outside of China.
Week ending 12th February 2021.
15th February 2021
Thankfully the brouhaha about an imminent return of inflation – and with it, tighter monetary policy via higher interest rates – didn’t last very long!
Week ending 5th February 2021.
8th February 2021
Unfortunately, you can’t always get what you want – but thankfully we did get the next best thing from the Bank of England’s monetary policy meeting this week: negative UK interest rates are viable and if the economic outlook weakens then the BoE is ready to take action.