Snapshot - Strategy & economics
Caspar Rock: Monday markets - the week ahead
US equities continue to climb. Emerging market stocks and currencies slip back as Hong Kong disruption intensifies. In politics, major televised debates are held this week in both the UK and US.
- The S&P500 reached another all-time high last week and European stocks also ended the week higher.
- Emerging market currencies and markets slipped back, influenced by continuing disturbances in Hong Kong.
- This week brings the preliminary November PMI figures for the US, Japan and eurozone, with markets seeking further signs that the slowdown has bottomed out.
- On the political front we have TV debates on both sides of the Atlantic: Boris Johnson and Jeremy Corbyn on Tuesday; and on Wednesday, in the US, the Democratic candidates will slug it out, with all eyes on Senator Warren.
- The pound rose last week as polls showed a strengthening Conservative lead. The number of “undecided” respondents remains high.
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