- Podcast: Weekly Market Updates
Podcast: Weekly Market Updates
Podcast, Latest from the markets
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This document is issued by Amundi and unless otherwise stated, all views expressed are those of Amundi as at the date of publication. These views are subject to change at any time without notice based on market and other conditions and there can be no assurances that countries, markets or sectors will perform as expected. This material is provided to professional clients only, including financial intermediaries, and is not intended for the public. This material is for information purposes only, is not a recommendation, financial analysis or advice, and does not constitute a solicitation, invitation, or offer to purchase or sell any security or services.
Amundi accepts no liability whatsoever, whether direct or indirect, that may arise from the use of the information contained in this material. Amundi can in no way be held responsible for any decision or investment made on the basis of information contained in this material.
28th May 2020
International stock markets closed positive again yesterday, although Wall Street ended the day just shy of the day's highs and the S&P 500 index failed to close above the psychological threshold of 3,000 points.This was mostly due to the correction seen in technology stocks and online stocks in general, which have supported the market's recovery thus far.Conversely, the sectors that have suffered most in the pandemic, such as airlines, holiday and cruise companies, are making a comeback – although they do have a lower weight on the large indices.
Latest From the Markets: 29th May 2020
After a positive day in the Asian and European markets, Wall Street gave up its gains in the final session, closing slightly down due to the growing tensions between the US and China, exacerbated by China's intent on imposing new national security laws in Hong Kong, and President Trump's attack on social media.
26th May 2020
London and New York were both closed for a bank holiday yesterday.Asian and European markets managed to close positively, confirming the rotation on sectors most penalized by the pandemic, crisis such as those related to tourism, airlines, airports, and hotels.