Commentary

US: Buoyed by evidence of the economic rebound

The S&P 500 gained 0.9% as strong economic data and corporate earnings updates overshadowed guidance from the Federal Reserve on the likely end to its quantitative easing programme. The US economy added 943,000 jobs in July.

Japan: Manufacturing lifts sentiment in the face of Covid

The Nikkei 225 returned 2.0%, even as the spread of the delta variant necessitated tighter social restrictions in some districts. Investors were cheered by data showing strong output from the manufacturing sector in July.

Asia: Political risk remains in the spotlight

In China, the CSI 300 rose 2.3%, regaining some of the ground lost last week. Regulation remained in focus as Tencent, the technology behemoth, dropped 5.3% on news that it will limit the time children can spend playing computer games each day.

Europe: All-time highs as corporate profits soar

The Euro Stoxx 50 rose 2.1%, ending at an all-time high after its best week since mid-March. The reopening of the economy has been a strong tailwind to company earnings, most noticeably in the banking sector.

UK: Strong earnings, but a word of warning from the BoE

The FTSE 100 climbed 1.2%, while the FTSE Mid 250 gained 2.2%. Stock market gains have been fuelled by strong company earnings reports. However, sentiment was tempered later in the week by a reminder from the Bank of England that it is looking into how and when it will begin to withdraw and reverse its extraordinary support policies.

The Omnis Managed funds, Openwork Graphene Model Portfolios and Omnis Managed Portfolio Service provide you with a diversified asset allocation in line with your Attitude to Risk, investing in Developed Market Equities, such as UK, US, Europe and Asia Pacific as well as Emerging Market equities.  Cautious and Balanced investors will also have significant holdings in UK and Global Bonds, as well as Alternative Strategies.  We believe this multi-asset approach aims to minimise global equity market falls in volatile periods.  Past performance is not a guide to future performance.  The value of an investment and any income from it can fall as well as rise as a result of market and currency fluctuations.  You may not get back the amount you originally invested.

At Money & Mortgages, our team are happy to arrange video meetings and phone appointments.  For more information please contact us on 0161 505 0601 or via email info@moneymortgages.co.uk

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