Weekly Market Update
Apr 8, 2021

Weekly Market Update

 

Global equities climbed led by growth stocks as stronger economic data outweighed concerns over rising bond yields and inflation. Market sentiment received a further boost from U.S. President Biden's new fiscal proposal. Energy prices climbed while gold prices declined. 
 

The S&P/TSX Composite Index strengthened led by strong gains in technology. Staples, materials, and industrials also advanced. Canadian Real GDP gained 0.7% in January marking nine consecutive monthly gains and preliminary data points to another 0.5% increase for February.
 

The S&P 500 Index (C$) advanced led by communications, discretionary, and technology. Staples, health-care, and commodity sectors declined. U.S. consumer confidence jumped in March, but remains well below pre-pandemic levels, while U.S. manufacturing activity expanded at the fastest rate since 1983.
 

The MSCI EAFE Index (C$) edged higher amid gains in technology, discretionary, and industrials. Energy, financials, and health care declined. Regionally, European equities outperformed buoyed by stronger employment and manufacturing data in Germany. 

 


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