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Weekly market review

Week ending 8th January 2016


Stocks

Global markets had their worst start to a new year in decades, with falls due to concerns over China’s slowing economy and worries of the knock-on effects. The US stock market ended the week down 5.9%, while the STOXX Europe 600 (600 companies of different sizes across 18 European countries) and TOPIX (main Japanese Stock Exchange) ended the week down 6.7% and 6.4%, respectively. The Chinese Shanghai Index plummeted 10.0%, as losses in China’s domestic stock market triggered trading restrictions twice during the week.

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Fixed Income

US Treasuries and core European government bond yields started the year lower too, as investors moved into ‘safe haven’ assets, as a result of the volatility in equity markets.

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Currencies

The US Dollar Index regained its strength this week, finishing up 0.73%. Although the Japanese Yen traded mostly flat, the Euro and British Pound lost ground against the US dollar, closing at $1.09 and $1.47, respectively. The US Dollar Index rose 9.3% in 2015, capping another dominant year for the US Dollar.



Commodities

West Texas Intermediate crude oil fell 10.5% to $33.16 a barrel, trading at its lowest level since December 2003, despite mounting tensions between Saudi Arabia and Iran. Similarly, Brent oil slumped to $33.55 a barrel.

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


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