January 17, 2019

WM Market Update – November 2018

Global – A Trump / Xi reconciliation? In November, US equities began on a very positive note with economic data continuing to impress. US payrolls added an above expectation 250,000 jobs, with the unemployment rate remaining steady at 3.7% and the hourly wage gaining 3.1% year-on-year. The midterm election results were as expected, with the Democrats gaining control of Congress – hence the results had little impact on the overall market. In spite of the positive economic data suggesting that the Federal Reserve might be inclined to put a foot on the brake, Chairman Powell surprised market pundits by adopting a more dovish approach and suggesting that additional interest rate hikes might be limited. Read the full article Domestic: 2019 – hopefully a new dawn? The local market struggled to find direction with the US/China trade spat continuing to weigh...
Read More