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Weekly Market Comment – August 19th 2019

Last week was a relatively wild week in global markets. Equities finished sharply lower.

At the start of the week the US decided to delay imposing tariffs on Chinese imports to December 15th from September 1st. This caused market to rally strongly but it fizzled out as weaker than expected global economic data caused bond prices to rally and equity prices to fall. German GDP fell 0.1% in the second quarter with the impact of a Chinese slowdown hurting industrial producers. China posted its slowest industrial output growth in more than 17 years. With the Q2 results season largely over, markets are likely to remain sensitive to economic releases. 

 

-Derek Heffernan