Aviso Weekly Market Pulse: April 25th-29th

May 2, 2022

Market developments

Equities:
Equities continued to drop during the week on mixed corporate earnings sentiment. Markets fared better earlier on strong performances from Meta and Microsoft, even as Alphabet came in under expectations. However, markets turned on Friday following disappointing results from Amazon and Apple. Amazon’s earnings disappointed, while Apple reported supply constraints related to China.

Fixed income:
Yields remained relatively unchanged as we head into the U.S. Federal Reserve meeting in early May, where a 50-basis point hike is expected and the central bank’s official balance sheet reduction plan will be announced. The Bank of England will also meet, and is expected to hike rates for a fourth consecutive time.

Commodities:
Oil prices rose on news that the European Union was considering a ban on Russian oil imports being phased in over a few years. Copper prices declined as investors prepared themselves for lower growth and further restrictions in China as Beijing reported COVID cases. Gold declined on a higher U.S. dollar.

Read more…

Recent Posts

Aviso Weekly Market Monitor: November 28th – December 2nd

Market developments Equities: The S&P 500 was up over 3% on Wednesday after Powell implied smaller rate hikes can come as early as December. We saw a strong jobs report and higher than expected wage growth which drove the market lower at the open on Friday,...

Aviso Weekly Market Pulse: November 21st – November 25th

Market developments Equities: The S&P 500 ended the shortened holiday week up 1.5% and closed above 4000 for the first time since September, while the Nasdaq still sits below the key 12,000 level. Markets will focus on consumer spending as Black Friday kicked off...

NEI Monthly Market Insights: October 2022

Is bad news good news? October saw most global financial assets rebound, following weak performance in the prior two months. The market responded positively to soft economic data such as downward revisions to global growth and weakening manufacturing PMIs, as a sign...

Aviso Weekly Market Pulse: November 14th – November 18th

Market developments Equities: The lower-than-expected PPI data drove the S&P 500 above 4000, before James Bullard’s comments pushed rates higher and the U.S market lower. The S&P 500 ended the week down less than 1% and didn’t have more than 1% +/- move any...

Aviso Weekly Market Pulse: October 31st – November 4th

Market developments Equities: The U.S. market broke with its positive trend after an FOMC message that was more hawkish than expected. In addition, the latest labour data confirmed that the U.S. job market continues to be strong. Consequently, the market expects the...

Aviso Weekly Market Pulse: October 24th – October 28th

Market developments Equities: The U.S market resumed its trend from last Friday, climbing over 2.5% in the first two trading days as 10yr yields continued to retreat from the highs and back towards 4.0%. Earnings released midweek from Microsoft, Alphabet and Meta...