Weekly Market View through 3rd September 2021

Weekly Market View through 3rd September 2021

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UK Stock-Market

  • Inflation data for the eurozone region showed that consumer prices rose by 3% year-on-year for August. This was more than expected and above the ECB target of 2% putting pressure on the central bank to address inflation concerns.
  • UK Composite PMI was revised down to 54.8 in August 2021, below estimates and indicating a much slower speed of recovery across the private sector economy. Both services and manufacturing sectors grew at the weakest rates for six months.
  • Eurozone Composite PMI for August came it at 59.0 and comment from Joe Hayes, Senior Economist at IHS Markit, read “It was another solid result for euro area businesses in August, according to the PMI numbers, which still point to rapid rates of expansion in output and demand”.
  • Our Breadth indicator stayed positive but our Momentum Indicator ticked lower again.

 

UK Market 3rd September 2021

 

US Stock-Market

  • The big event of the week was the US nonfarm payrolls data for August, released on Friday, which provided a huge miss. Market was expecting 750,000 but the number came in at 235,000. The poor data may actually benefit stocks as it could mean the Fed will not bring forward the time it begins to taper stimulus and any indication of that will steady investors nerves.
  • Our Breadth Indicator stayed negative but our Momentum Indicator ticked higher for the first time in eight weeks.

 

US Market 3rd September 2021

 

The Big Picture 3rd September 2021

 

Market Sentiment 3rd September 2021

 

U.S. Risk Barometer 3rd September 2021

 

Europe Risk Barometer 3rd September 2021

 

 

Disclaimer: ‘Where the business has 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.

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