At 6:35 AM EST on August 16, 2017, the FTSE 100 Index was trading at 7,429.50. The iShares MSCI United Kingdom (EWU) fell 0.33% to $33.5 on August 15.
After gaining for seven consecutive trading weeks, China’s Shanghai Composite Index fell last week. The index started this week on a stronger note.
The S&P 500 fell lower last week amid geopolitical concerns. But it started this week on a stronger note by rebounding on Monday.
Last week, the United Kingdom’s FTSE 100 Index fell in the last three trading days to a three-month low. But the index started this week on a stronger note.
After gaining for seven consecutive trading weeks, China’s Shanghai Composite Index fell last week. But despite weak economic data, the index rebounded on Monday.
The Japanese yen (JYN) was back in demand as geopolitical tensions took center stage last week.
The British pound (FXB) had another negative week as a dovish statement from the Bank of England continued to drag the currency lower.
The euro (FXE) closed the week ending August 11 at 1.18 against the US dollar (UUP).
US bond markets (BND) rallied in the previous week as tensions between the US and North Korea escalated.
The US Dollar Index (UUP) struggled in the previous week as geopolitical tensions dominated markets across the globe.
The S&P 500 Index (SPY) closed the week ending August 11 at 2,441.32, shedding 1.4% as compared to its August 4 close.
Equity markets around the world turned volatile last week as tensions between the US and North Korea escalated.
Whether making buy and sell decisions on individual securities or allocating to asset classes, we must tune out the noise and use reason to determine the right course to set.
The United Kingdom’s FTSE 100 Index fell in the last three trading days last week to three-month lows.
After declining for three consecutive trading days, the S&P 500 broke the losing streak and rebounded on Friday.
Asian markets rebounded on Monday as concerns about the geopolitical tensions between North Korea and the United States abated.
The euro appreciated ~11.9% against the US dollar in 2017 and is expected to increase further this year.
The European Central Bank left the policy rates, its quantitative easing program, and its forward guidance unchanged at its recent meeting.
The European economy has expanded in the last 17 consecutive quarters. The Eurozone’s annual growth rate is 2.1%—the highest growth rate in the last six years.
Retail sales in Malaysia rose 13.9% YoY (year-over-year) in June 2017, compared with its 13.6% gain in May 2017.