Most major markets retreated last week(2017/02)
Investors are waiting to see details on US tax cuts and other program changes.
Most global stock indices paused for breath Friday but were still higher for the week.
Most stock indices advanced on the day and week(2017/02)
US stock indices reached new all-time highs for the second day in a row Friday.
US employment gains beat forecasts(2017/02)
Stocks were mostly up on Friday but mostly lower for the week.
Stocks mixed as Trump takes power(2017/01)
Global shares were mostly lower for the week.
Stocks get a boost from bank earnings(2017/01)
Stocks were slightly higher Friday with the Nasdaq up 0.5 percent and the S&P 0.2 percent higher.
US jobs report boosts stocks(2017/01)
Stocks advanced in the holiday shortened week.
Most markets remained closed Monday in celebration of the New Year(2017/01)
US markets were closed Monday for the long New Year's weekend.
Investors adjust to Fed rate increase(2016/12)
Stocks mixed both on Friday and for the week.
Global stocks advanced on the week(2016/12)
On Friday, they were mixed in Asia but gained in Europe and the US.
Global stocks mostly lower Friday(2016/12)
Investors were waiting for the results of Sunday's Italian referendum.
Global stocks continued to advance(2016/11)
US stock indices hit new record highs in abbreviated trading session.
Global stocks were mixed(2016/11)
Trading in the US was light before the US Thanksgiving holiday.
Global stocks were mixed(2016/11)
Trading in the US was light before the US Thanksgiving holiday.
Inflation prospects hit emerging markets(2016/11)
Stocks were mixed Friday with the Dow Jones industrials edging up 0.2 percent and the Nasdaq adding 0.5 percent.
Global stocks retreat(2016/11)
Investors were risk averse before the US presidential election.
Stocks were mostly lower Friday(2016/10)
US stocks were lower Friday after fluctuating during the course of the trading session.
Stocks mixed in choppy trading(2016/10)
With little new economic news, investors focused on earnings.
Global stocks rally on Chinese data(2016/10)
However, most global indices retreated for the week.
Global stocks ended the week mixed(2016/10)
Shares were mostly lower for the week and month but positive for the third quarter.
Stocks ended lower on Friday but advanced for the week(2016/09)
Trading was subdued as investors waited for the FOMC and Bank of Japan monetary policy decisions.
Stocks fade at week's end(2016/09)
Shares were lower for the week except in the US.
Global equities slide(2016/09)
Investors worried that higher interest rates from the Fed will come soon.
US employment data sees stocks close higher(2016/09)
Europe and the US rallied when employment increased by less than expected.
Fed Chair Yellen optimistic about US economy(2016/08)
Stocks were mixed Friday and for the week in light summertime trading.
Global stocks mostly lower(2016/08)
Investor focus is once again on Federal Reserve monetary policy.
Fed and ECB minutes in the spotlight this week(2016/08)
Stocks were mixed Friday in Europe and the US after US retail sales data disappointed.
US employment data boosts stocks(2016/08)
Stocks rallied Friday after the US employment report handily beat expectations.
Stocks advanced in July(2016/08)
Stocks were mixed on the last day of the month and for the week.
While US stocks increased both on Friday and the week, the picture was mixed elsewhere.
Global stocks mixed Friday(2016/07)
Stocks paused after the rally earlier in the week but were higher on the week.
Global stocks mostly higher(2016/07)
Shares were mixed on the week but were boosted in the US and Europe thanks to the US employment gain.
Global stocks end week on a positive note(2016/07)
On the week, stocks were mixed in Asia and Europe and were up in the US.
UK vote stuns markets(2016/06)
Financial markets tumbled after the UK voted to leave the European Union.
All eyes on the UK this week(2016/06)
US stocks were down Friday and for the week as investors continued to monitor the Brexit debate in the UK.
Declining oil prices and falling bond yields weighed on stocks. Stocks retreated wiping out most of the gains from earlier in the week.
Global stocks mixed for the week(2016/06)
US and European stocks retreated on a very disappointing US employment report.
Economic data supports stocks(2016/05)
Most stock advanced Friday and for the week prior to remarks by Fed chair Janet Yellen.
Stocks rebounded Friday(2016/05)
However, for the week the indices were mixed.Stocks rebounded Friday and in the process erased most of the losses from earlier in the week when investors reacted negatively to the Federal Reserve's FOMC minutes.
Stocks dragged down by growth worries(2016/05)
Asian and US stocks retreated while Europe rallied. United States markets were lower Friday as more retailers reported plunging first quarter sales.
A down week for global stocks(2016/05)
Stocks were mixed Friday after the US employment report disappointed traders. After initially moving to the downside, stocks rebounded over the course of the trading session Friday.
Global markets mixed in light trading(2016/05)
US and European markets steadied Monday after last week's declines.Shares advanced Monday after tumbling last week. The Dow Jones industrials rebounded 0.7 percent, the S&P added 0.8 percent and the Nasdaq gained 0.9 percent.
Stocks declined at the end of the week(2016/04)
A rebound in the prices of oil and natural gas helped drive gains for energy and financial companies, offsetting a slide in technology stocks. This left the Dow Jones industrials up 0.1 percent while the S&P was virtually unchanged.
Global stocks retreated to end the week(2016/04)
Investors weighed earnings results and waited for the outcome of Sunday's talks in Doha between most key oil producers.
Shares were mixed on the day and week(2016/04)
Investors were cautious ahead of earning season despite reassuring comments from Fed Chair Janet Yellen.
Recovering from 2016 lows(2016/03)
Global stock indices were mixed Friday and for the week.US stocks advanced Friday and were up for a fifth consecutive week.
Stocks stabilize and advance for the week(2016/03)
Stocks wobbled but managed a fourth consecutive day of gains after employment increased more than expected in February.
Stocks in Europe and Asia advanced(2016/02)
The Dow Jones industrial and S&P were down 0.3 percent and 0.2 percent respectively while the Nasdaq ended 0.2 percent higher.
A positive week for shares(2016/02)
Stocks were little changed Friday in lackluster trading. Tech shares helped to offset a renewed decline in oil prices.
Japan eases monetary policy again(2016/02)
Stocks soared on the last trading day of January with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally.
Stocks gain on Friday(2016/01)
Stocks made their biggest gain in more than a month Friday as oil prices surged again, lifting energy stocks. Technology stocks also climbed. The Dow Jones industrials were up 1.3 percent on the day and 0.7 percent on the week.
Stocks sag on global growth concerns(2016/01)
Despite a blockbuster US jobs report Friday, the S&P had its worst week in more than four years as worries about China cast a shadow over markets. Both the Dow Jones industrials and the Nasdaq lost 1.0 percent on the day while the S&P retreated 1.1 percent.
Asian stocks declined after the Bank of Japan surprised but disappointed(2015/12)
Stocks plunged across all sectors in the heaviest trading of the year as enthusiasm over a long awaited increase in U.S. interest rates faded. Several other negative factors combined to give the market its second big loss in a row and sending the indices lower for the week.
Investors worried about falling crude prices and the FOMC meeting(2015/12)
Stocks retreated Friday, more than offsetting the moderate increases of Thursday's session. The Dow Jones industrials were down 1.8 percent and 3.3 percent on the week.
US consumers, China data in focus(2015/12)
US markets rose sharply on Friday after the government reported another month of strong job gains. The price of oil retreated on reports that OPEC would not cut production.
Stocks advance last week(2015/11)
Big gains by retailers and technology companies boosted stocks in Friday afternoon trading. The Dow Jones industrials were up 0.5% (3.4% on the week), the S&P gained 0.4% (3.3% on the week) and the Nasdaq added 0.6% (3.6% on the week).
US monetary policy in focus(2015/11)
The stock market slumped to its second biggest weekly loss of the year, breaking six consecutive weeks of gains. Fears were that the holiday shopping season will not meet expectations. This sent retail stocks tumbling.
US consumers in focus(2015/11)
Markets in the US were volatile Friday after the forecast-beating jobs figures were released. The dollar jumped after the figures were released as traders priced in a growing likelihood of a Federal Reserve interest rate increase in December.
US Jobs, China PMI in focus(2015/11)
Stocks drifted lower Friday after economic data suggested that the economy is still sluggish. But the outlook for future growth improved and fears waned that a slowing Chinese economy would hamper the US economy.
Stocks were up for a second day thanks to strong quarterly earnings from several technology companies.
Stocks traded with a lack of direction in early trading but rallied to end the session higher. The Dow Jones industrials and the S&P reached nearly two month closing highs while the Nasdaq rose to its best levels in a month.
Following the rally the day before, stocks saw some further upside trading on Friday. While buying interest was somewhat subdued on the day, the Dow and the S&P reached their best closing levels in over a month.
US GDP, global manufacturing in focus(2015/09)
Fears over slowing global growth hammered stocks Friday and lifted prices of government bonds and other assets seen as safer bets.
All eyes on Thursday's Fed announcement(2015/09)
Stocks advanced in choppy trading for a second day. The gains on the day further offset Wednesday's losses.
The Dow Jones industrials slipped 0.1% while the S&P and Nasdaq were up 0.1% and 0.3% respectively. The indices added 1.1%, 0.9% and 2.6% respectively.
China stimulus, US & UK GDP in focus(2015/08)
At the same time the Dow Jones industrials confirmed it had entered into correction territory as fears of a China-led global slowdown rattled investors globally.
On the week, the Dow was up 0.6%, the S&P gained 0.7% and Nasdaq edged up 0.1%. Trading was somewhat subdued Friday - it is the middle of the August vacation season.
Retail sales and Eurozone GDP in focus(2015/08)
Stocks declined Friday after a solid employment report kept alive the possibly that the Federal Reserve will raise interest rates as soon as next month.
US jobs and BoE rates in focus(2015/08)
Stocks slipped Friday but advanced for the month of July. Energy stocks retreated while weak wage data supported expectations that the Federal Reserve might hold off on an interest rate.
Fed Announcement and US GDP in focus(2015/07)
New signs pointing to a slowing of China's economy also added to investor jitters, bringing down the price of oil and other commodities.
US earnings and home sales in focus(2015/07)
Nasdaq advanced 0.9%, ending its best week in nearly nine months thanks to a rally in Google after it reported earnings that exceeded expectations.
Volatility expected as Greece votes 'no'(2015/07)
Voters in Greece delivered a decisive 'no' vote on Sunday, with 61% of voters saying that they would not yield to further austerity measures demanded by the country's creditors.
Greece closes banks, China cuts rates(2015/06)
Stocks closed mostly lower Friday prior to the weekend's events as negotiators continued to work toward a solution to Greece's debt problems.
Fed Decision and Greece in Focus(2015/06)
A setback in talks between Greece and its creditors helped send stocks lower Friday amid renewed concerns that the country could default on its debts.
MSCI decision on A-shares, US retail sales in focus(2015/06)
Stocks ended mostly lower in lackluster trading after a better than anticipated May US employment report.
ECB rates and US jobs in focus(2015/06)
After coming under pressure in early trading, stocks continued to decline throughout the trading day. The indices fluctuated as the day progressed but remained firmly in negative territory.
Fed, ECB and BoE minutes in focus(2015/05)
Stock indices spent Friday drifting between small gains and losses, but the moves were enough to nudge the S&P to its second closing high in two days.
Greece, BoE Inflation Report in Focus(2015/05)
US shares had their best day in two months Friday after encouraging news about the job market.
UK General Election and US Jobs in Focus(2015/05)
US shares rebounded from Thursday's losses to post strong gains Friday. The Dow Jones industrials were up 1.0%, the S&P gained 1.1% and the Nasdaq added 1.3%.
FOMC meeting in Focus(2015/04)
Stocks advanced Friday as investors cheered the quarterly results of three large technology companies - Google, Microsoft and Amazon.
China Cuts RRR, Further Concerns on Greece(2015/04)
Virtually all indices retreated last week as investors fretted over global growth prospects and escalating worries about Greece.
US Retail Sales, 1Q Results in Focus(2015/04)
Stocks were up Friday and for a second straight week. Investors were encouraged by the latest corporate deal news.
US Nonfarm Payrolls in Focus(2015/03)
Stocks rose modestly Friday after late merger news in the semiconductor space supported the technology sector and helped major indexes snap a four day losing streak.
All Eyes on Greek-EU Talks in Berlin(2015/03)
Stocks advanced Friday, helped by a recovery in oil prices and earnings reports from Darden Restaurants and Nike.
All Eyes on Wednesday's Fed Policy Statement(2015/03)
US stock markets retreated Friday sending the Dow Jones industrials and the S&P lower for a third consecutive week.
ECB Begins Bond Buying This Week(2015/03)
The strong employment report shook up the market Friday. Employment was up 295,000 in February.
The stock market closed lower after news that US economic growth slowed more sharply than previously estimated in the final three months of 2014.
After coming under pressure in early trading, stocks rebounded following the latest news regarding the Greek debt negotiations.
Shares retreated Friday after moving moderately higher in early trading. However, Friday's decline still left the major indices with hefty weekly gains.
US Jobs and Earnings in Focus(2015/02)
Stocks retreated Friday after fourth quarter preliminary gross domestic product advanced at an annualized rate of 2.6% - below both expectations and the third quarter final of 5.0%.
Greek Election Result and FOMC Meeting in Focus(2015/01)
US stocks ended the week on a mostly negative note. The Dow Jones industrials were down 0.8% while the S&P lost 0.4%. The Nasdaq added 0.2%.
US Earnings and Inflation Figures in Focus(2015/01)
While a bigger than expected increase in employment contributed to a drop in the unemployment rate, the report also showed a slowdown in wage growth.
BoE Meeting and FOMC Minutes in Focus(2015/01)
Following the New Year's Day holiday on Thursday, stocks fluctuated over the course of the trading session Friday before ending the session roughly flat.
Asia continues to grow despite strong dollar concerns(2014/12)
The outlook for Asian markets remains healthy. While there have been recent bumps that have weakened investor sentiment and despite the received wisdom that US dollar strength should in theory be a negative for many markets, across the region there are several developments on the policy and broad macro front that are likely to continue to drive markets over the mid-to-long term.
Three themes shape the 2015 macro landscape(2014/12)
Three main themes are likely to shape the global macro landscape in 2015: disinflationary growth, monetary policy divergence and growing emerging market differentiation.
Stable but positive for fixed income in 2015(2014/12)
Investors have enjoyed strong performance from across the bond asset classes in 2014. Government bond yields have fallen, while trends in credit markets have been mixed. Credit spreads tightened in investment grade but widened in high yield, although both asset classes have enjoyed solid absolute returns. Looking back, 2014 will likely be remembered for the growing divergence of monetary policy across regions.
Not all emerging markets are created equal: The case for Asia(2014/12)
The world's emerging markets are facing headwinds: (i) Liquidity that flowed in when QE began in 2008 has begun to slow; (ii) Oil prices have plummeted; (iii) A resurgent US economy has led to a stronger US Dollar. However, not all emerging markets are equal. Whilst these issues will negatively impact a number of developing economies, in Asia today things are different.
Abenomics: A roadmap to corporate reform(2014/11)
How Abenomics reforms could bring about significant corporate sector improvements that rekindle sustained interest in Japanese equities.
The Changing Faces of Asia(2014/10)
Asia is undergoing a period of transformation. The growth at all costs model is a thing of the past, with quality of growth now much more important.
Separating insight from noise(2014/09)
Investing is a massive and continuous information processing challenge. In the internet age of abundant information and financial news, it is a struggle for many investors to separate what is relevant information likely to move share prices from useless information better classed as 'noise'.
Reform of state-own enterprises (SOE) in China has gathered pace since the third plenum last November.
The importance of taking an outside view(2014/08)
When we invest we are invariably taking the view that our chosen fund, geography or sector will outperform the broader global market.
Dealing with complexity(2014/08)
In a world obsessed with individual celebrity, the media coverage of the recent football world cup in Brazil was dominated by spotlights on key individuals like Messi, Neymar and Ronaldo, so much so that it was easy to forget this was a team game with many other participants and possible outcomes.
Inequality of wealth and its investment implications(2014/07)
In my last column, which I wrote in mid-April, I addressed monetary expansion at the hands of global central banks and its effect on asset price inflation.
Cognitive errors in investing(2014/07)
Have you ever gone to a show at the theatre that you didn�t like, and yet sat through it to the end because you had paid good money to be there?
Our global growth scorecard has been positive for eighteen months. We are in a disinflationary and desynchronised global recovery with steady expansion in the US driving above trend global growth while the slowdown in China keeps commodity prices and inflation under control.
Fixed income will remain an attractive source of income(2014/06)
In this Perspective, Andrew discusses his bullish views on the US economy and explains why China remains attractive for bond investors. He also shares his thoughts on the key challenges facing the major central banks and highlights which markets are proving to be risky investment choices.
The dangers of generalization(2014/06)
Investors like to sort things into neat categories. It helps them make sense of a highly complex world. Categories like "Emerging Markets", "BRICs", and the "Fragile Five" have all been invented as easy-to-understand groupings of supposedly similar countries.
The Ikea Effect and the pitfalls of effort justification(2014/05)
Effort justification describes our tendency to attribute greater value to an outcome that required our own effort to achieve. Imagine you have two relatively similar desks but you only have room for one.
Why markets fear tapering(2014/05)
There's nothing more likely to kill the buzz at a party than the alcohol running out. If the punchbowl is taken away before the party gets going, you can be sure the guests won't stick around very long.
Secular bull market to continue after mid-year correction(2014/04)
Jeff Hochman says we are likely to see a modest market consolidation or correction in the short term to absorb gains made in 2013, before the secular bull market accelerates again later this year or early next.
Japan: Abe progress report(2014/04)
After a tremendous surge for Japanese equities in 2013 on the back of euphoria surrounding Abe's bold economic experiment to drag Japan out of decades of deflation, the market has been a relative laggard year to date.
