weekly market recap 19.02

Holborn Market Recap 15-19 February 2021

Good day, this is Holborn’s weekly market recap. Let’s take a look at this week’s news in finance.

Monday February 15th

News in finance: Rightmove’s UK house price index jumped by 0.5% in February on a month-to-month basis. The surge came after three consecutive falls, showing that the number of new buyers continues to grow despite the upcoming end of the stamp duty.

manufacturing sector

Eurostat published a survey which showed that the euro bloc’s industrial production dropped 1.6% in December, on a monthly basis. According to an ING report, exports have recovered to pre-crisis levels.

Tuesday February 16th

News in finance: The ZEW economic research institute in Germany announced that economic expectations rose in February, beating forecasts for a decline. Analysts at the ZEW institute noted that “the financial market experts are optimistic about the future. They are confident that the German economy will be back on the growth track within the next six months.”

Wednesday February 17th

News in finance: The Office for National Statistics (ONS) reported that the UK’s Consumer Price Index (CPI) came in at 0.7% on a yearly basis and -0.2% on a month-to-month basis in January. The report by the ONS said that food, transport and household goods prices helped to drive the increase.

UK retail sales

The US Census Bureau announced that retail sales in January surged 5.3% in January on a month-to-month basis. This has been the largest monthly increase in the last eight months. Market analysts at Bankrate suggested that retail sales surged in January thanks to additional government stimulus.

Statistics Canada released data regarding the country’s inflation. According to the data, the CPI came in at 1% in January on an annualised basis and 0.5% on a month-to-month basis. Canada’s inflation rate hasn’t risen above the 1% threshold in the last twelve months.

Thursday February 18th

News in finance: The Australian Bureau of Statistics (ABS) reported that the country’s unemployment rate dropped to 6.4% in January. Market analysts had forecast that the rate would come in at 6.5%.

Friday February 19th

News in finance: According to data published by the ONS, UK retail sales dropped 5.9% on a yearly basis and 8.2% on a month-to-month basis in January. Economists had forecast a decline of 2.5% on a monthly basis. Market analysts attributed the drop to the lockdown restrictions which affected sales.

Statistics Canada reported that retail sales fell by 2.5% on a month-to-month basis in December.

We hope you enjoyed the weekly market recap. From all of us at Holborn Assets have a lovely weekend!

Ready to chat with
a specialist?

Get started

You may also be interested in

Behavioural finance

Behavioural finance: the psychology of investing

Behavioural finance theory suggests we make decisions based on emotions rather than logic. Understanding it could help you make better investment decisions

Read more
The benefits of a financial second opinion

5 benefits of a financial second opinion

In this article, we explore the five key benefits of a financial second opinion and why a fresh perspective could be just what you need.

Read more
questions to ask a financial adviser

7 Questions to ask a financial adviser

We look at the key questions you should ask a financial adviser before hiring them and one important question you need to ask yourself.

Read more
Time is running out to top up your UK State Pension

Time is running out to top up your State Pension

Time is running out to top up your State Pension. Here is everything you need to now about State Pension top-ups.

Read more