Key Weekly Data Points – week commencing 15/06/2020
19/06/2020 - Daniel Casali provides a round-up of key market activity during the week of 15th June.
Daniel Casali provides a round-up of key market activity during the week of 15th June.
Monday 15th
- Queues formed as ‘non-essential’ shops reopened in the UK
- A rise in coronavirus cases in the US and China led to stock market declines. This included a daily decline for the S&P 500 of -2% and Nasdaq -1.5%.
Tuesday 16th
- US retail sales rebounded nearly 18% in May
- It was reported that 20 Indian soldiers were killed in a clash with Chinese troops in the Himalayas
Wednesday 17th
- Hints of a second wave of COVID-19 continued to emerge. In the state Florida, news cases rose by 3.6% over the past 7 days, whilst hospitalizations in Texas increased by 8.3%
- The number of people unemployed in the UK and claiming benefits rose to 2.8m in May, this is a 126% increase since lockdown began
Thursday 18th
- Sainsburys and other supermarkets should receive a substantial cash ‘injection’ after winning a legal battle against payment companies regarding swipe fees.
- In the US, new jobless claims in the latest week were 1.51m, suggesting an improvement.
- The Bank of England has increased its bond-buying programme by £100bn
Friday 19th
- UK debt reached 100% of GDP for the first time since WW2 as the government as the government hit record monthly borrowing of £55.2bn.
Source: Bloomberg.com
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DISCLAIMER
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. While considerable care was taken to ensure the information contained within this article was accurate and up to date at the time of publication, no warranty is given as to the accuracy or completeness of the information. No liability is accepted for any errors or omissions in such information, or any action or inaction taken on the basis of this publication.
Please remember investment involves risk. The value of investments and the income from them can fall as well as rise and investors may not receive back the original amount invested. Past performance is not a guide to future performance.
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Disclaimer
This article was previously published prior to the launch of Evelyn Partners.