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MARKET VIEW w/e 1st November 2019

MARKET VIEW w/e 1st November 2019 981 980 Realm

The U.K. Stock market

  • The U.K. stock market was slightly lower this week.
  • The EU granted the UK a three-month Brexit extension and Boris Johnson won backing for a 12th December general election.
  • Mario Draghi handed over leadership of the European Central Bank to Christine Lagarde on Friday. The ECB has restarted its asset purchasing program but kept interest rates unchanged this week.
  • Our Breadth indicator turned negative and our Momentum indicator ticked down again.

UK Market 1st November 2019

The U.S. Stock market

  • The U.S. stock market was higher this week. Friday was strong following a better-than-expected jobs report and a heightened expectation that a “phase-one” trade deal between the U.S. and China will soon be announced.
  • This was a busy week for third-quarter earnings reports with the majority of companies in the S&P 500 that have reported so far, beating estimates.
  • The Fed cut rates for a third time on Wednesday but indicated that further cuts were on hold for now pending new economic data.
  • Our Breadth indicator stayed positive and our Momentum indicator ticked higher.

US Market 1st November 2019

The Big Picture 1st November 2019

Market Sentiment 1st November 2019

U.S. Risk Barometer 1st November 2019

Europe Risk Barometer 1st November 2019

Emerging Markets Risk Barometer 1st November 2019

Disclaimer:  ‘Where the business have expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.

This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.