Weekly Market Comment – February 4th 2019
The past week provided more supportive developments for equity markets. On Wednesday the US fed confirmed that it was putting further rate increases on hold. That addressed, for now, one of the worries which spooked markets last year. This was followed by China committing to buying substantially more US goods in the latest trade talks. A de-escalation of China / US trade tensions would be another 2018 ‘negative’ for equities addressed. Meanwhile, corporate earnings reporting season continued to be more positive than negative. These developments allowed equity markets to make further ground over the week.
– Niall Dineen
Investment Team Leader