MARKET VIEW w/e 7th June 2019

MARKET VIEW w/e 7th June 2019 981 980 Realm

The U.K. Stock market

  • The U.K. stock market was higher this week.
  • There was a strong end to the week following weaker-than-expected jobs data in the US which increased hopes for a rate cut.
  • European Central Bank President Mario Draghi confirmed that the ECB are also ready to implement rate cuts and quantitative easing should they feel it necessary, to support growth.
  • Our Breadth indicator turned neutral and our Momentum indicator, although still positive, ticked lower again.

UK Market 7th June 2019

The U.S. Stock market

  • The U.S. stock market was higher this week. Equities were strong from Tuesday after Fed Chairman Powell stated that policymakers were paying close attention to the impact of trade tensions on the economy and would “act as appropriate to sustain the expansion.” In fact the futures markets are now pricing in near certainty that a rate cut will happen before the end of the year.
  • At the end of the week markets were also lifted by optimism that the US would reach a deal with Mexico and in fact the announcement came on Sunday.
  • Friday’s jobs data disappointed, showing that 75,000 jobs were added in May, much less than expected although the unemployment rate remained close to fifty year lows.
  • Our Breadth indicator stayed negative this week and our Momentum indicator, although still positive, ticked lower again.

US Market 7th June 2019

The Big Picture 7th June 2019

Market Sentiment 7th June 2019

U.S. Risk Barometer 7th June 2019

Europe Risk Barometer 7th June 2019

Emerging Markets Risk Barometer 7th June 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.