Global indexes were closed higher last week as Brexit and US-China trade headwinds clear away. Optimism started on Thursday when Fed left interest rates unchanged while expressing optimism about US economic health. In addition, Boris Johnson’s (UK Prime Minister) Conservative Party has won the election, securing 365 chairs out of…

Equities started the week on a weak footing as President Trump reimposed tariffs on steel and aluminium imports from Argentina and Brazil, and announced intentions to impose 100% tariffs on ~US$2.4bn of French imports.

Global indices closed lower last Friday as investors continued to digest mixed headlines on the progress of US-China trade negotiations.

Global indices closed the week with mixed performance. The decline was mainly due to lack of meaningful progress on US-China trade deal, protests in HK and weak economic data dampening investor confidence.

Global indexes posted gains last week, buoyed by more positive news on trade deal as well as better than expected China’s data . China’s foreign ministry sent positive signals about trade talks last Tuesday, saying the two presidents are in contact and progress is being made on the negotiations.

US Equities posted another week of strong gains (SPX +1.5%, MXASJ +1.8%) as global Central Bank’s driven easier financial conditions, better than expected earnings and continued easing in geo-political risks related to a hard-Brexit and US-China trade tensions lifted equities higher. First, the Fed delivered a widely expected 25bp rate…

•    Global equities ended the week in the positive territory on the back of positive momentum on trade talks and earning surprises. In the US, 40% of S&P 500 companies have reported 3Q results, out of which 80% have reported positive EPS surprises. However, 4Q guidance is somewhat weak, while…

Asian equities were boosted by two major positives last week. US-China announced a narrow-short term deal; while the UK entered into a deal with EU on Brexit possibly culminating into an orderly Brexit thus reducing tail risks.