GTC WM Trendline – March 2016
Global: The proverbial yo-yo The first three months of 2016 saw global equities following an almost V-shaped pattern with stocks declining sharply up to mid-February and rebounding significantly at quarter end to close virtually flat in Dollar terms with the MSCI World Index reflecting a decline of 0.19 %. Emerging markets followed a similar pattern but were able to outperform their developed market peers by returning a positive 5.6% for the quarter. In the U.S. the market was spurred on by forecasts that further interest rate rises were being deferred. This was after Federal Reserve Chairperson Janet Yellen reported to Congress in February that volatility in global financial markets could impact negatively on U.S. economic growth which was reiterated in the report of the Federal Open Markets Committee in March. This sentiment was further strengthened at a later speech at... Read More
The ONE Minute Brief – 25 April 2016
The GTC ONE Minute Brief covers the following topics: Economic and Political News Major South Africa Corporate News Major Global Economic News Technical Snapshot Download the full GTC ONE Minute Brief.
EB Market Update – February 2016
Global – Mario Draghi more QE? Global equities came under considerable pressure in February on the back of continued weakness in the oil price and uncertainty regarding the way forward in terms of U.S. interest rate normalization. In Dollar terms the MSCI World Index delivered a negative return of -0.96% while the MSCI Emerging Markets Index eased -0.15%. Having experienced a difficult month in January, U.S. markets displayed some resilience in February but struggled to make meaningful progress as concerns over the domestic economy were compounded by a further slowing of the global economy Read the full article Domestic – Pravin’s dilemma The release of the 2016/17 budget, concerns over U.S. and global economic growth, together with the possibility of a downgrade of our sovereign debt by the rating agencies all contributed to a month of relentless volatility on the... Read More
