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Last Week In The Markets:
Aug 25, 2020

North American equities advanced buoyed by strength in technology-related stocks. International equities declined as sentiment waned across Europe. Global bond yields fell as economic data showed further signs of uneven progress in the global recovery. Gold prices edged lower and oil prices climbed.
The S&P/TSX Composite Index edged higher led by technology, materials, and utilities. Health care, energy, and financials weakened. Inflation softened in July reinforcing the Bank of Canada’s accommodative stance. New fiscal measures were announced to transition away from CERB.
The S&P 500 Index (C$) advanced led by strong gains in FAANG stocks as Apple Inc. surpassed $2 trillion in market capitalization. Energy and financials weakened. Labour market gains flattened as jobless claims remain elevated. The housing market continued to exceed expectations amid surging home sales and construction starts.
The MSCI EAFE Index (C$) weakened as all sectors declined except for real estate. Energy, utilities, and financials experienced the largest losses. Regionally, European markets underperformed as a resurgence of COVID-19 cases and travel restrictions continued to weigh on sentiment.

 

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