Are you an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Register for FundCalibre!

We just need to know
if you are an:

Don't let the labels put you off!
If you're not an investor, but you want to learn, you can select investor


Weekly market review

Week ending 22 July 2016


Corporate earnings and economic data set a positive tone for global equities. The UK stock market reached its highest level in almost a year, amid hopes of stimulus from the upcoming Bank of England meeting. Following earnings releases for the 2nd Quarter this year, the US stock market hit a record high, but pared those gains in the wake of a weak manufacturing report, ending the week up 0.64%. The EuroStoxx 600 index traded roughly flat, with the European Central Bank standing pat and investors digesting mixed earnings and economic releases.

View Elite Rated equity funds

Fixed income

US 10-Year Treasury bond yields held their 4-week highs, supported by generally positive data, including declining jobless claims. In spite of the more positive tone, yields remained below pre-Brexit vote levels as of Friday. The UK 10-year government bond yield fell slightly to close the week at 0.798%, while Eurozone sovereign bond yields were mostly flat, as resilient Purchasing Managers' Index data out of the single currency bloc helped offset a disappointing German business sentiment survey.

View Elite Rated bond funds


The US dollar Index inched up 0.86%, reaching its highest level in four months. The British pound traded in a choppy pattern amid mixed data releases and central bank commentary. In Japan, fresh stimulus hopes helped sustain the yen’s move lower from early-month highs. Following the prior week’s failed coup attempt by military members to overthrow the government, the Turkish lira fell to a new record low on the back of Standard & Poor’s downgrading its sovereign credit outlook and analysts warning of more unpredictable capital flows.


Oil traded near $44 a barrel, falling to its lowest level in more than two months. Although a government report indicated US crude stockpiles fell for the ninth week, they still remain more than 100 million barrels above the five-year average. Oil has dropped over 10% since hitting 2016’s peak in early June.

View our Elite Rated gold fund - BlackRock Gold & General

Where to next?

Source: Goldman Sachs Asset Management. Adapted by FundCalibre. This material is for information purposes only and does not in any way constitute financial advice.