Global equity markets sold-off amid waning optimism for a swift passage of U.S. fiscal stimulus, rising concerns over vaccine delays, and a surge in speculative trading.The U.S. dollar and global government bond yields benefited from safe-haven flows. Silver prices surged while other commodity prices, namely gold and oil edged lower.
The S&P/TSX Composite Index fell sharply as all sectors posted losses except health-care which continued to benefit from a more friendly U.S. regulatory environment. The 10-year Canadian government bond yield climbed after reports of better-than-expected GDP growth in November marked 7 consecutive monthly gains.
The S&P 500 Index (C$) fell sharply as all sector posted losses. Commodity sectors, financials, and industrials experienced the largest declines. U.S. treasury yields edged lower across the yield curve as preliminary data showed the U.S. economy grew at a 4% annualized pace in Q4, slightly below forecasts.
The MSCI EAFE Index (C$) fell sharply as all sector posted losses. Commodity sectors, financials, and industrials experienced the largest declines. Asian markets underperformed as China’s central bank unexpectedly tapered liquidity injections into the financial system while cautioning about asset price bubbles.
1892 Third Avenue
Prince George, BC V2M 1G4
VIEW MAP
Phone:
(250) 614-1366
Toll-free:
1-877-614-1366
Fax: 250-614-1316
Email:
Disclaimer: The information contained herein is for BC residents only and does not constitute an offer to sell or solicit sales in any other Canadian or foreign jurisdictions.
© Copyright 2015-2024 Gilchrist Financial Services. All Rights Reserved. Web design by concept design
