Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

TrackInsight: Blind faith in fiscal stimulus

share with twitter share with LinkedIn share with facebook
10/13/2020 | 11:30am EDT

Week from 5 to 11 October 2020

12.10.20 Global Flows Map

Week from 5 to 11 October 2020

U.S. stock markets ended the week significantly higher on hopes lawmakers could agree to targeted stimulus packages before the presidential election. However, President Trump had blown hot and cold throughout the week, telling Fox Business News that talks with Democrats were moving along, just a short while after he called them off.

The Dow Jones Industrial Average rose 3.27% despite the lack of fiscal package. The S&P 500 soared by 3.84%, while the Nasdaq Composite added 4.56%. Small cap stocks continued their winning streak (Russell 2000 up 6.38%), thereby reducing their negative excess return to large cap stocks (YTD return differential between S&P 500 and Russell 2000: -9.48% as of October 9, 2020).

For the first time since early August, all 11 S&P sectors traded in the green led by materials (+5.12% week-over-week) and energy (+5.00%, pushed higher by rising oil prices – WTI crude up 9.58% – amid supply disruptions in the wake of Hurricane Delta and Tropical Storm Gamma). Unlike the previous week, real estate lagged behind (+1.37%).

European markets also closed higher though to a lesser extent (MSCI EMU up 2.79%), as the coronavirus pandemic was gathering pace across the continent, jeopardizing recent economic recovery, as stressed by ECB President Christine Lagarde.

APAC markets followed suit (Shanghai Composite: +1.68%, KOSPI: +2.75%, NIFTY 50: +4.36%, S&P/ASX 200: +5.36%, NIKKEI: +2.56%). Overall, emerging markets fared well too (MSCI EM up 3.77%).

On the interest rate front, U.S. government bonds lost ground (10-year yield at 0.78%, highest level since June). Conversely, credit indices were tighter. IG corporate bonds gained +0.40% in Europe (+0.44% in the U.S.); high yield bonds were up +0.78% in Europe (+1.52% in the U.S.) while emerging debt took the lead in this bullish trend (+1.61% in local currencies).

Lastly, gold prices rose for a second straight week (+1%), returning significantly above the key $1,900 threshold on Friday (Dec20 Futures at $1,936.3/Oz). At the same time, EUR/USD traded 0.85% higher at 1.1815.

Find the full report here: https://www.trackinsight.com/en/weekly-flow-report/2020-10-09/global

Find out what matters to over 300 investors when selecting ETFs in the TrackInsight 2020 Global ETF Survey. 

12.10.20 Global Weekly Flows

12.10.20 Global Weekly Performance
12.10.20 Global Winners Losers

© www.trackinsight.com 2020

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.52% 26659.11 Delayed Quote.-6.59%
EURO / US DOLLAR (EUR/USD) 0.01% 1.16771 Delayed Quote.4.16%
KOSPI COMPOSITE INDEX -0.57% 2328.48 Real-time Quote.5.89%
NASDAQ 100 1.87% 11350.743252 Delayed Quote.32.82%
NASDAQ COMP. 1.64% 11185.592838 Delayed Quote.27.40%
NIKKEI 225 -0.37% 23331.94 Real-time Quote.-0.72%
S&P 500 1.19% 3310.11 Delayed Quote.2.46%
S&P/ASX 200 -0.55% 5927.6 Real-time Quote.-9.47%
share with twitter share with LinkedIn share with facebook
Latest news
01:47aGeely's EV unit Polestar seeks to raise around $900 mln - sources
RE
01:46aWest Yorkshire to move to Tier 3 COVID-19 restrictions from Monday
RE
01:46aDollar stabilises, euro near four-week low after ECB's announcement
RE
01:46aJGB yields rise after weak Treasury auction spooks market
RE
01:45aNS UNITED KAIUN KAISHA : FINANCIAL HIGHLIGHTS for the 2nd quarter of the Fiscal Year E nd ing March 20 21
PU
01:44aDollar stabilises, euro near 4-week low after ECB's announcement
RE
01:43aAustralia shares post biggest weekly drop in 6 months on mixed cues
RE
01:41aNifty, Sensex rise as IOC, Reliance gain ahead of earnings
RE
01:41aShares falter again, but Asia poised to end October with near 4% gain
RE
01:40aCENTRAL PETROLEUM : Quarterly Activities Report & Appendix 5B
PU
Latest news