Archives for October 2023

Global stock markets were lower last week. Fears of escalation in the war in the Middle East, higher Treasury yields (the yield on the 10-yr US Treasury briefly rose above 5% for the first time in sixteen years) and mixed earnings reports from US mega-cap tech companies weighed on investor sentiment.

Full report
https://realmim.com/fed-and-bank-of-england-expected-to-keep-rates-on-hold-this-week/

Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.

This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Global stock markets were mixed last week but in the main tended to finish the week higher – a resilient performance considering recent events in the Middle East. Not surprisingly though Oil rallied strongly last week as did Gold and the US Dollar.

Despite the terrible situation developing between Israel and Hamas, investors continue to concentrate on interest rates as the main focus. Some Fed members commented last week that the recent jump in long-term rates may mean there is “less of a need to raise the Fed Funds Rate” – to quote Dallas Fed President Lorie Logan.

Full report
https://realmim.com/global-stock-markets-held-firm-despite-recent-events/

Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.

This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Global stock-markets were lower last week. Investors were nervous as a potential US government shut-down loomed with Congress struggling to find consensus on a short-term funding deal. Thankfully, that scenario was averted on the weekend and President Biden signed the deal into law minutes before the deadline.

Investors now re-focus on the Fed’s next move and anxiety remains high after the yield on the US 10-year Treasury rose above 4.6% last week and remains as high at the start of this week. The US central bank kept interest rates on hold in September but indicated there could be another rate hike before the end of the year. The recent rise in oil prices has not been helping that issue and a new 12-month price high was reached last week.

Full report
https://realmim.com/focus-back-on-inflation-after-us-government-shut-down-is-averted/

Disclaimer: ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy.

This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’