Expat
Financial Planning

search-csm
equity-market-bourse

Global Investment MattersExamining Equity Markets

The Benefits Of
'Global Investment Matters'

This weekWeathering Investment Trust Storms & Building Trustby Gaby Byron

UK investment trusts might be facing some tough challenges, but Momentum Wealth Investment Management remain advocates of their vital roles in multi-asset portfolios..

Market SnapshotsApril 9 2024

oil-and-gold-weekly-performance-data

• Global equities fell 1%

• Developed market equities were down on the week

• Brent crude rose 4.2% to $91.17 a barrel

• Gold rose 4.5% to $2329.75 per ounce reaching new highs

equity-market-bourse

Key Global Market Developments

USA

united-states-flag

• US equities fell 0.9%

• US March Non-farm payrolls came in at 303k (versus 210k expected)

• Federal Reserve Chief Powell signalled that the Fed needs clearer signs of lower inflation before lowering rates. He added that recent figures didn’t “materially change” the overall picture. Board Governor Adriana Kugler sees price pressures easing without a big cost to jobs, setting the stage for “some” cuts.

• New York was hit by a 4.8 earthquake early on Friday

UK

united-kingdom-flag

• UK equities fell 0.4%

• UK March Manufacturing PMI was 50.3 (versus 49.9 expected), Construction PMI 50.2 (versus 49.2 expected)l

• The Halifax House prices Index year-on-year for March was down 0.3% (versus 1.5% expected)

EUROZONE

european-union-flag

• European equities fell 1.3%

• German March CPI was 0.4% (versus 0.5% expected)

• European March CPI was 2.4% (versus 2.5% expected)

REST OF THE WORLD

globe-flag

• Global emerging market equities rose 0.3%

• Japanese equities fell 2.4%

• The yen rose to a two-week high after Kazuo Ueda signalled the possibility of a Bank of
Japan rate hike in the second half of the year. He told the Asahi newspaper that inflation
momentum will strengthen from the summer

• Chinese equities rose 0.7% despite being closed on Thursday and Friday for the Ching
Ming Festival

• Janet Yellen and He Lifeng agreed to talks about “balanced growth” to address what the US sees as China’s growing industrial overcapacity

• Chinese banks stepped up pressure on the nation’s troubled property developers. China Construction Bank filed a winding-up petition against Shimao. Country Garden is also fighting off a winding up petition submitted in February

• Taiwan was hit by its strongest earthquake in 25 years, triggering temporary tsunami warnings along the coast and as far as Japan and China

Performance Data & Commentary

Momentum
Performance
Asset
Allocations
momentum-harmony-asset-allocation-dashboard
Sanlam AI
Performance
TAM
Commentary
Bowmoor CTA
Global Alpha