Hi, my name is Carl Rogan and every Monday morning I will be bringing you my views of what happened during the previous week and what to look out for in the coming week.
My views are my own and they do not constitute investment advice. My views are derived from Equiduct’s unique data set which represents a clean retail signal free of distortion from institutional investors and therefore are telling of what the sentiment of European retail investors is.
Without further ado, let’s dive right into it!
Last week …
Brought 2025 to a close and also saw the first day of trading in 2026. Happy new year to you all!
2025 was a bumper year for stock markets and a record year for Equiduct with turnover of €108billion.
The last few days of 2025 were relatively quiet before 2026 got off to a great start with high volumes on Friday.
Madrid was traded strongly throughout December and turned over double our next best market, Paris, last week.
BBVA was once again our most traded stock but was beaten into second by Santander on Monday and pushed close by ASML on Friday.
We also saw high turnover in the weapons manufacturers on Friday and they are likely to be popular stocks again in Q1 2026.
This week …
Could well begin how last week finished, with heightened volatility and strong trading volumes.
It will be interesting to see what the markets make of the US intervention in Venezuela over the weekend.
Donald Trump was the catalyst for much of the volatility experienced by markets in 2025 with Tariff shocks, followed by U-turns, followed by further tariff shocks.
The weekend witnessed a bold move from Trump in South America and one which will surely cause geopolitical shockwaves to reverberate around the world in the coming weeks and months.
The uncertainty this has created in so many different arenas is sure to mean one thing for markets, volatility!
The economic calendar for the week ahead includes unemployment figures from several Eurozone countries along with Inflation updates.
In the US we will find out more about the strength of the US jobs market when ADP and Non farms payroll figures are released later in the week.
Q1 is often the busiest quarter of the year for trading on Equiduct and I’m expecting a busy start to the year across all our thirteen markets.
Will Donald Trump be the main cause of volatility this week or will US jobs figures cause more of a stir? Will other news break in the Middle East or in the Russia/Ukraine conflict that overshadows everything else? Will AI worries resurface early in 2026 to spook markets? There are so many factors to consider at the moment. It’s sure to be an interesting start to the year.
That’s all from me, until next week… Happy investing!
Carl
