Markets fluctuate into weekend

Jan 11 13:01 2019 Print This Article

Strong week for stock markets

It’s been a relatively relaxed start to trading on the final day of the week, with equity markets in an out of positive territory and hoping to extend their winning streak following Thursday’s turnaround.

Needless to say it’s been a very encouraging couple of weeks for investors, full of post-Christmas cheer. We’ve almost halved the deficit in the S&P 500, Dow and NASDAQ, having entered into bear market territory in two of these, and investors have become less gloomy about the outlook.

That’s not to say that challenges don’t still exist for the global and domestic economy, or that a slowdown isn’t still expected this year. But improved trade relations between the US and China and progress towards a deal and away from tariffs is undoubtedly positive and reduces a major headwind. The same is true of the Fed and it’s shift to more flexibility on rate hikes.

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