Johannesburg Office
Block 16 B
Willowbrook Office Park
Van Hoof Street, Ruimsig
Johannesburg, 1724
Willowbrook Office Park
Van Hoof Street, Ruimsig
Johannesburg, 1724
With the one-year anniversary of the market bottom this past week, global stock-market performances over the past 12-months has been exceptionally strong.
The Federal Reserve ramped up its economic expectations for 2021, according to the central bank’s Summary of Economic Projections released Wednesday.
Major global equity markets rallied strongly over the week, as accelerating vaccinations and the signing of the massive $1,9 trillion American Rescue Plan Act on Thursday by US president Biden provided a strong underpin to investor sentiment.
The wrestling match between rising bond yields and stock markets remained centre stage this week as investors seemed divided about whether the rise in longer-term bond yields was due to a welcomed upswing in growth expectations or a worrisome increase in future inflationary pressures.
Major global equity markets pulled back sharply over the week in response to a steep rise in yields.
U.S. inflation concerns captured the headlines this week as the prospect of another major fiscal stimulus package for the U.S. economy saw investors positively recalibrate their expectations for growth and inflation, sparking a sell-off in U.S. government bonds.
The U.S. Senate acquitted Donald Trump on Saturday of inciting the mob that stormed the Capitol last month, sparing him from conviction in his second impeachment trial in a year.
Week in Review: Biden Presses Ahead with a $1.9 Trillion Stimulus Plan
- Newsletter Articles
- Hits: 430
Global equity markets posted their best weekly gains since November, with major indexes also closing at fresh record highs.
Cape Town Office
Unit C, 4th Floor
Hill House
43 Somerset Road, Green Point
Cape Town, 8005
Hill House
43 Somerset Road, Green Point
Cape Town, 8005