Skip to main content Skip to site footer

You are using an outdated browser. Please upgrade your browser to improve your experience.

Archinomics Weekly - Monday 12th July 2021

6 months ago



US equities once again hit record levels, pulled higher by the interest rate sensitive real estate sector. Eurozone markets ended the week little changed after dipping on growth concerns, as Covid-19 infection rates climbed. Japan saw sharp losses, as Tokyo entered its fourth state of emergency. China’s CSI 300 index was mixed, despite tech sector weakness on heightened regulatory risk.


US Treasury (UST) yields dropped sharply, hitting a five month low, as prices rose. Core eurozone bond yields tracked UST yields lower. Credit markets were more subdued and spreads widened, led by the energy sector at the high yield end of the market, as uncertainty mounted over the economic outlook.


The US dollar lost ground across the board, as prospects for interest rate rises appeared to weaken, while the yen was generally stronger. The euro slipped back following the latest ECB meeting, while sterling improved against all except the yen.


Oil had a volatile week, as the OPEC+ meeting ended with no agreement on restoring production cuts. Gold rose 1.5%, touching the $1,810 level, in response to recent bond market volatility.

Responsible investing

Nearly half of all global assets under management, totalling $43 trillion, are now linked to carbon neutral pledges under the Net Zero Asset Managers initiative.


Macroeconomic indicators fell short of expectations, and an economic optimism index slipped to its lowest level since February.

The rapid spread of the Delta variant of Covid-19 around the globe caused rising uncertainty as to economic recovery prospects.

The PBoC cut its reserve requirements, signalling slightly looser policy, while the ECB shifted its inflation mandate to allow for overshoots of the 2% target.

on the

Macro data from China and the US could confirm expectations that the pace of growth in GDP and inflation has peaked.

The US Q2 reporting season is forecast to bring average eps growth of more than 60%, as recovery earnings peak.

Listen to our weekly podcast for more information and our experts’ insights.


Latest investment news


Archinomics Weekly - Monday 24th January 2022

Article | Investments | 24/01/2022

It was a volatile week for US equities, as the Nasdaq briefly hit correction territory and Q4 earnings fell short of forecasts. 


Archinomics Weekly - Monday 17th January 2022

Article | Investments | 17/01/2022

China’s trade surplus hit record levels in December, as the world’s demand for durable goods remained strong.


Archinomics Monthly - December 2021

Article | Investments | 11/01/2022

Financial markets largely ended the year in a growth mindset.  Equity markets locked in a third year of double digit gains, while bond yields rose (and prices fell) in anticipation of interest rate hikes in 2022. 

We use cookies to give you the best possible experience of our website. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how to manage them.