Financial Update 3
I hope you all had wonderful spring holidays and that you are on schedule regarding your essays and exams, as of me I will keep updating you weekly throughout this term with Finance and Business news so you won’t have to remember to check a daily market update or to be completely out of date regarding such matters.
So US stocks edged higher on the week, building on last week's 2% rally, leaving the S&P 500 flat year-to-date, wiping off major losses in February and the early April.
Stronger-than-expected earnings growth of 18% for the S&P 500 have helped stocks move higher, but potential causes of volatility, including additional tariff proposals and rising interest rates, continue to warn of an unstable US market.
Things look kinda okay back home ! The FTSE100’s rally this month has wiped off half the losses that occurred shortly after the index’s all time high on January 5th.
These gains are fueled by advances for bank and insurance stocks which helped the FTSE 100 overcome choppy action. Those gains came as bond yields in the U.K. and throughout Europe followed a rise in the U.S. 10-year Treasury yield.