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 a very busy week for financial markets.
It was the busiest week of the year so far for Equiduct with turnover of just short of €3.3billion.
There was a huge sell off in precious metals and the value of crypto currencies continued to drop.
Much of the volatility in equities was due to a bumper week of Q4 results. Whilst Alphabet reported impressive results, Amazon’s were mixed.
There was a rotation away from Tech stocks generally as the huge investments in AI continues to spook investors.
Whilst BBVA was the most traded stock on Monday, Tuesday and Thursday last week, Santander was still the most traded across the week on €236million turnover.
This was mainly thanks to a huge day on Wednesday when Santander turned over €114million after releasing Q4 results on Tuesday followed by the announcement of the acquisition of Webster Bank.
Stellantis was heavily traded on Friday after releasing Q4 results and Paris was our most traded market that day as a result.
This week …
Could be busy again but will struggle to match last week I think.
Q4 results were the main driver of volatility last week and whilst we still have plenty to come, most of the bigger names have announced now.
Paris might be busier this week with Total Energies releasing results along with a number of mid-range stocks such as Hermes, Kering and L’Oreal.
The main Economic events this week are in the US. Retail sales numbers are due on Tuesday whilst delayed US jobs figures will be released on Wednesday and Inflation data will finish the week off on Friday.
It’s been a quieter couple of weeks for geopolitical news after a tumultuous start to the year. It feels like something could happen between the US and Iran one way or another very soon now.
Trump has gone quiet on Greenland but could that hit the news again this week?
We are also still waiting for the US Supreme Court’s ruling on the legality of Trump’s tariffs. Could we hear this week?
Whilst it looks like it will be a quieter week on paper there is definitely potential for volatility. Let’s see how the week develops.
That’s all from me, until next week… Happy investing!
Carl
