Markets have had a busy end to the week and that looks set to continue into Friday. US equities were one of the big stories of the yesterday as they all pushed their way back to record highs.

Analysts at ANZ Bank New Zealand explained that US equities continued to climb higher after a strong showing by European bourses.

Key Quotes:

“US treasury yields were little changed and the USD fell. The S&P 500 hit an all-time high of 2932, with solid gains in materials, consumer staples and technology. The DJIA and NASDAQ were up almost 1%. European shares were led higher by CAC 40’s 1.1% climb while other major indices were up 0.5-1.0%. USD was sold across the G10 and emerging markets on news China is planning to cut tariff rates on some imports (further details below). NZD and SEK led gains in the G10. The US treasury curve flattened a touch with 2-year up 1.3bps and 10-year up 0.6bp. Oil was biased lower, gold slightly higher.

The MSE Equity Price Index climbed 0.84% to 4,346.228 points as various equities ended the day in positive territory while only Mapfre Middlesea trended lower.

Meanwhile, trading in GO continued to dominate activity as it accounted for nearly 60% of the total value of equities traded. GO plc added 1.1% to recapture its 2018 high of €3.60 on activity totalling 84,501 shares.

Samsung Electronics’ semiconductor business will continue to rally while earnings from display sector will improve, said IBK Investment and Securities on Sept. 20, maintaining a “buy” recommendation and 66,000 won (US$58.87) target price.

More professional investors are piling into US stocks than at any time in the past three-and-a-half years, but cash balances are also at an 18-month high. Here’s what’s going on.

New Delhi: Trends in crude oil prices, domestic political dynamics, global interest rates and developments at the international trade front would be important factors impacting the equity market movement in the near term, say experts.

Of late, rupee woes, high crude oil prices, unabated foreign fund outflows and escalating trade tensions between the US and China have dampened the market sentiment.

This week’s headline risk comes courtesy of our friends at the ECB. On Wednesday, Bloomberg reported that “The European Central Bank is set to tweak its forecasts lower for euro-area economic growth as global trade tensions damp external demand …”

Their sources were accurate, as the ECB did just that on Thursday when it released its newest projections, lowering growth estimates once again.

Analysts at ANZ explained that after the US slapped tariffs on USD200bn of Chinese goods yesterday, China retaliated with 5-10% tariffs on USD60bn worth of imports.

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CEO Emmanuel Roman talks the future of asset management, the struggles of hiring tech talent and wine

Pimco chief executive Emmanuel Roman has made clear the firm’s ill-starred attempt to break into equities investing is unlikely to be repeated, in conversation with Goldman Sachs’ incoming CEO David Solomon.