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 …
Was an eventful one. We got off to a flying start on Monday with the resignation of the French Prime Minister Sebastien Lecornu.
French markets reacted accordingly and we saw turnover of over €250million on Paris alone, which contributed significantly to our highest turnover day since May.
The rest of the week continued to be busy with the US government shutdown casting a shadow over markets all week and turnover topped €2.5billion.
ASML was the most traded stock on Equiduct last week with the semiconductor supplier turning over more than €100million.
Friday brought more drama as Donald Trump threatened China was higher tariffs resulting in an S&P 500 sell off, having reached record highs earlier in the week.
By Friday night Sebastien Lecornu had been reappointed French Prime Minister. Let’s see what markets make of that on Monday.
This week …
Should be interesting. French markets will be digesting the latest political developments whilst the next vote on ending the US shutdown won’t happen until Tuesday.
UK GDP and unemployment figures are due along with an update from the German ZEW Economic Index, plus US PPI and retail sales numbers.
Q3 earnings season kicks off this week with several major US banks announcing figures from Tuesday onwards. Popular Equiduct stocks ASML, Bankinter and LVMH all release their updates this week too.
This earnings season is likely to be scrutinised even more than usual with growing talk of an AI bubble and warnings last week from the IMF, Bank of England and JP Morgan chief Jamie Dimon about a possible looming correction in markets.
Are we witnessing the last days of this Bull run? Can France get through the week without any further political surprises? Will Donald Trump change his tune on China?
There is plenty of potential for volatility, it could be an exciting week ahead.
That’s all folks, until next week… Happy investing!
Carl
