The infoshot to help kick-start your week
Last Week
- US Treasuries sold off on Wednesday as data from the US showed unexpected strength in the country’s services sector. Yields, which rise when bond prices fall, jumped as the data suggested there remained strong consumer demand within the economy which may impact the speed at which inflation drops over the next few months.
- The Euro marked its eighth consecutive week of losses against the dollar last week as investors saw the difference in strength of the two economies widen. This comes after data showed that industrial production in Germany fell for the third consecutive month in July. In the US, however, jobless claims dropped unexpectedly, and demand seems to remain strong.
- Apple shares fell last week as news emerged that China would widen its ban of government officials from using iPhones across the country. Apple lost around $200bn in market capitalisation across Wednesday and Thursday and helped to push the Nasdaq Composite down due to having the largest weighting of all the index members.
Market Pulse
Coming Up
- UK GDP data released, September 13th, 7:00am
- US August CPI data released, September 13th, 1:30pm
- ECB Interest Rate Decision announced, September 14th, 1:15pm.
Notice:
The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel
