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. The S&P 500 and Dow Jones hit record highs, there was a bidding war for Warner Brothers, we saw a US interest rate cut and a weaker than expected update from Oracle spooked tech stocks.
It was a relatively quiet start to the week but momentum grew as the week progressed. Whilst the US interest rate cut was mostly priced in, there was still some lingering doubt which resulted in investors keeping their powder dry until after the announcement. Consequently, we saw strong turnover figures for December on Thursday and Friday.
Paris was the most traded market on Equiduct on Monday and Tuesday before volatility in Madrid picked up and saw Spain reclaim top spot from Wednesday through to Friday.
BBVA continued its strong trading performance in Q4 and was once again the most traded stock on Equiduct last week, peaking on Thursday with turnover of over €30million.
This week …
Is jam packed with Economic events and could well see strong levels of trading activity.
We have the latest ZEW Economic Index update from Germany, US Jobs, inflation and retail figures along with interest rate decisions from the Bank of England, ECB and Japan.
Any strong deviations from analyst forecasts from any of these events could potentially trigger a wave of volatility.
The extended blackout period for US data means that inflation figures, jobs numbers and retail sales updates will all be very closely watched this week.
Could last week’s Oracle update be the start of fresh AI anxiety? Is the US economy where analysts think it is? Will we see a Santa Claus Rally this week? It should be an interesting week ahead.
That’s all folks, until next week… Happy investing!
Carl
