Lots of oddities in shockingly weak US payrolls report. Canadian employment falls on Covid-related restrictions. The BoE slows QE purchases and sharply upgrades forecasts. Torrid growth in eurozone manufacturing, as services revive. Annual wages rise in Japan on base effects. The RBA keeps policy unchanged but upgrades forecasts.
Global equities in broad advance amid earnings and vaccinations. Bonds get a bid even though impact of US payrolls shock proves brief. AUD strengthens on better GDP outlook form the RBA. Oil gains and gold has the best week in a while.
Hong Kong: State Street Global Advisors Asia Limited, 68/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong. T: +852 2103-0288. F: +852 2103-0200.
All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and SSGA shall have no liability for decisions based on such information.
Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors.
Past performance is not necessarily indicative of the future performance. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
This website is issued by is State Street Global Advisors Asia Limited and has not been reviewed by the Securities and Futures Commission.