Momentum Chart of the Week – 17 Aug 2026
Cooling US inflation supported global equities and reduced rate-rise expectations, but Middle East disruption kept energy prices and global inflation risks elevated. Download PDF
Cooling US inflation supported global equities and reduced rate-rise expectations, but Middle East disruption kept energy prices and global inflation risks elevated. Download PDF
July was volatile but generally positive for risk assets. Global equities rose modestly as solid earnings and AI optimism outweighed geopolitical and valuation concerns, while government bonds weakened amid higher oil prices, renewed inflation fears and hawkish central-bank guidance. Energy markets surged following disruption around the Strait of Hormuz, with
Weaker US employment shifted markets towards a more cautious interest-rate outlook, but persistent energy and geopolitical risks kept inflation concerns alive – leaving investors caught between slowing global growth and sticky inflation. Download PDF
The final week of July was dominated by central bank decisions and key macroeconomic data, with investors focusing on the Federal Reserve, Bank of England and Bank of Japan alongside GDP, inflation and PMI releases. Markets were also influenced by easing Middle East tensions, which pushed oil prices lower and
Surging oil prices and renewed US tariffs revived global inflation concerns, pushing bond yields higher and reducing expectations for easier monetary policy. Download PDF
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The week was dominated by macroeconomic fundamentals, with markets focusing on the Federal Reserve's June meeting minutes, which reinforced expectations of higher US interest rates for longer. Investors grew more confident that global growth was slowing gradually rather than weakening sharply, supporting equity markets despite higher bond yields. Download PDF
June delivered mixed returns for global equities as market leadership broadened beyond the mega-cap technology sector. Global markets weakened overall as a sharp pullback in large technology stocks offset gains in cyclical and value-oriented areas of the market. Europe outperformed, US small-cap and equal-weight indices advanced, while Asia-Pacific markets lagged.
The week was dominated by macroeconomic fundamentals, with markets focusing on the Federal Reserve's June meeting minutes, which reinforced expectations of higher US interest rates for longer. Investors grew more confident that global growth was slowing gradually rather than weakening sharply, supporting equity markets despite higher bond yields. Download PDF