market recap

Holborn Market Recap 4-8 January 2021

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


Monday January 4th


News in finance: On Monday, IHS Markit published eurozone’s Manufacturing PMI in December which came in at 55.2, a bit lower than analysts’ forecast.


Tuesday January 5th


News in finance: In eurozone’s financial updates, Destatis published data regarding German retail sales in November. According to the survey, retail sales jumped 5.6% on an annualised basis, while analysts had been expecting a 3.9% rise.

retail sales

In Switzerland, the country’s federal statistical office (SFSO) reported that inflation stood at -0.8%, on a yearly basis, in December.


In the US, the Institute of Supply Management (ISM) published a report which showed that December’s Manufacturing PMI came in at 60.7. The result surpassed economists’ expectations.


Wednesday January 6th


News in finance: In eurozone’s financial updates, IHS Markit reported the bloc’s Composite PMI came in at 49.1 in December, a worse figure than the one anticipated by economists. Markit’s analysts noted that “worse may be yet to come before things get better, especially as the latest survey data were collected before the news of the new strain of the virus.”


Thursday January 7th


News in finance: On Thursday, Eurostat announced that retail sales in the euro bloc dropped 2.9% on an annualised basis in November. The largest decreases in the total retail trade volume were observed in France (-18.0% m-o-m), Belgium (-15.9% m-o-m) and Austria (-9.9% m-o-m).


Friday January 8th


News in finance: In the US, the Bureau of Labour Statistics (BLS) published a report regarding Nonfarm Payrolls which showed that 140,000 jobs were lost in December. Economists attributed the drop to the second wave of Covid-19 related shutdowns and restrictions which weighed on the economy. December has been the worst month regarding NFPs since April 2020.

US NYC

Another report, released by the BLS, showed that the unemployment rate in the US came in at 6.7% 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

Lessons in Succession Planning from the British Royal Family

As we navigate through life, one thing remains certain: change is inevitable. Whether in our personal or financial lives, a solid plan for the future is crucial. When it comes...

Read more

How do I know when I’m ready to start investing?

Investing is a powerful tool. It can help build long-term wealth, achieve financial goals and secure your future. The question people often have is, ‘How do I know when I’m...

Read more
Spring Budget 2024

Spring Budget 2024 – What You Need to Know

The Conservative Party appears to be a ship heading towards an iceberg. When Ipsos published its latest UK opinion poll results and voting intention in February 2024, it showed Labour opening up...

Read more

10 Creative Ideas to Make Your Own Christmas Decorations

Like other styles and trends, Christmas decorations have evolved and changed over time. Those of us of a certain age will undoubtedly remember the staple holiday décor of decades past....

Read more