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Gerald Fitzgerald’s Market Review June 3rd

03 June 2019

 

 

LAST WEEK IN 30 SECONDS...

Markets suffered last week from the uncertainty of ongoing trade tariffs between the US and China as both sides’ strong rhetoric and uncompromising stances left investors running for shelter. The perceived safe havens that are gold, the Japanese Yen and US treasury bonds saw notable gains over the week.

With all sectors in the red last week, global equities finished the week down -1.5%, rounding off a miserable May when global equities dropped 5.2%.

 

THIS WEEK IN 30 SECONDS...

With the sabre rattling at an end and the trade tariffs in place between the US and China, investors will look for some positive indicators from data releases as a means of restoring confidence.

This week sees a flurry of data being released with investors looking for some solace from the ongoing trade uncertainties which has dragged markets lower. Within the Eurozone unemployment rates, inflation and retail sales disclosures are released on Tuesday and Wednesday. Across the pond, US non-farm payrolls and unemployment rates are released on Friday.

 

GERMAN BONDS SINK LOWER

Europeans once looked at Japanese bonds and questioned how their bond market could function for a prolonged period of time at suppressed yields. German 10 year bonds yields are now yielding 0.10% less than their Japanese counterparts, yielding -0.20%, which is lower than the previous historical low set in July 2016.

 

 

Ger Fitzgerald

By Gerald Fitzgerald, Investment Consultant

Gerald Fitzgerald joined Invesco’s Investment Consulting team in 2015 and has 10 years industry experience assisting clients with their investment & actuarial requirements. Gerald is a Qualified Financial Adviser (QFA) and a graduate of both University College Cork and University College Dublin.

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