The last week of March brought increases in the most important global stock market indices. During the whole past week, the DJI rose by 2.4%, the S&P500 went up by 2% and the NASDAQ soared by 1%. In Europe, the German DAX took off by 1.8%, the French CAC40 grew by 1.4% and the British FTSE250 increased by 0.7%. The market sentiment improved last week. However, the risk of a trade war has been still a burden for the financial markets, especially since China has imposed retaliatory duties on the American goods. This fact was confirmed by the first after Easter break trading session on Wall Street which was clearly dominated by the red color.

Weekly comment MM Prime TFI  - March 26, 2018

Weekly comment MM Prime TFI  - March 19, 2018

The first week of March brought significant increases in the most important stock market indices. During the whole past week, the NASDAQ rose by 4.2%, the S&P500 grew by 3.5% and the DJI soared by 3.3%. In Europe, the German DAX and the British FTSE250 went up by 3.6%, while the French CAC40 increased by 2.7%. The meeting of the ECB Governing Council deserved the event of the week name. In line with the market consensus, the European monetary policy was not changed. The bank’s message seemed to be clear and unsurprising: QE may be extinguished gradually, whereas the interest rates would remain at the current level in a longer term, significantly exceeding the time horizon of the asset purchase program.

Weekly comment MM Prime TFI  - March 5, 2018