Aviso Weekly Market Pulse: September 4th – September 8th

Sep 11, 2023

Market developments

Equities:
This week concerns surrounding economic slowdowns in China and the euro area, alongside rising oil prices caused equities to slide. Notably, technology stocks, such as Apple and Nvidia, played significant roles in market movements, especially with China’s plan to expand an iPhone ban. Concurrently, speculations intensified that the Federal Reserve might maintain higher interest rates due to strong service-sector activity data and the impact of high oil prices on inflation.

Fixed income:
Over the week, Treasury yields experienced dynamic shifts influenced by multiple factors. The initial surge in yields was driven by the reinvigoration of the corporate new-issue market post-Labor Day and a rise in crude oil prices. Despite this, subsequent sessions saw a slight retraction, influenced by corporate borrowing activities and oil price fluctuations. Mid-week observations highlighted a mixed performance in Treasuries, with notable strength at the front-end, while later in the week, variations in yields across different tenors emerged.

Commodities:
Crude oil prices experienced significant fluctuations, primarily influenced by decisions made by OPEC+ leaders, Saudi Arabia and Russia. The duo decided to extend their supply curbs through the end of the year, which prompted oil prices to surge, with Brent crude surpassing $90 a barrel for the first time since November of last year. The persistent supply cuts aim to deplete inventories further and have been reinforced just as global crude consumption is estimated to be at an all-time high.

Read more…

Recent Posts

Aviso Weekly Market Pulse: June 10th – June 14th

Market developments Equities: France's CAC 40 index was down around 2.6% on Friday, on pace for its largest weekly drop since March 2022, weighing on the broader Stoxx 50 index. The sell-off in French stocks is driven by concerns over the upcoming snap election, where...

Buying with friends or family may let you buy a home sooner

If you don’t have a partner to buy a home with, can you still do it? We explore alternative ownership arrangements. In this article: Homebuyer purchasing preferences Potential pitfalls and benefits of co-ownership Before you buy Ways to save for a downpayment A recent...

Aviso Weekly Market Pulse: June 3rd – June 7th

Market developments Equities: U.S. stocks held near all-time highs, after chipmakers came off session lows following a stronger-than-expected jobs report. The very strong payrolls report should be seen as net positive for equity markets, although the upside to wages...

Aviso Weekly Market Pulse: May 27th – May 31st

Market developments Equities: Technology stocks tumbled, dragging down the broader market and trimming the monthly rally fueled by hopes of Fed rate cuts. As inflation cools, interest rate cuts could provide a tailwind for growth-oriented tech stocks by boosting cash...

Should you wait for your dream home?

With a surge in home prices and mortgage rates, saving for a down payment seems to be an uphill battle, and owning a detached home might feel far out of reach. A recent Leger survey commissioned by Aviso revealed that two-thirds of Canadian home buyers, regardless of...

Aviso Weekly Market Pulse: May 20th – May 24th

Market developments Equities: U.S. stocks climbed after data showed consumers tempered their inflation expectations in late May. The S&P 500 had its fifth straight week of gains, the longest bullish streak since February. It topped 5,300 and the Nasdaq 100 rose...