Stocks push forward through geopolitical headwinds

Markets were pushed and pulled by earnings reports and geopolitical events in another choppy week of trading. Most indices ended up higher and the blue-chip S&P 500 and technology focussed Nasdaq gained 3.3 and 2.6% respectively.

China was however a notable outlier and both the Shanghai Composite (-5.5%) and Hong Kong’s Hang Seng Index (-8.6%) fell sharply as President Xi Jinping consolidated his grip on the ruling Communist Party by appointing loyalists to key leadership positions at the 20th Party Congress.

Technology stocks, including Alibaba and Tencent, suffered double digit falls on concerns from many overseas investors that a new era of totalitarianism will see further regulation and censorship in the sector. Alibaba’s US listed stock is now $5 lower than its 2014 IPO price of $68.

TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Team plc

More articles like this

Team plc

US stock market: Bulls charging, but for how long?

The US stock market would appear to be on a rip. The bulls are clearly charging. But for how long? History would suggest longer than the bears think! Not that I’m great at predicting bear markets.

Team plc

The impact of ‘Carbon Cowboys’ on global climate inequities

In the vast expanse of the climate change frontier, there roam “Carbon Cowboys.” These aren’t the traditional Wild West cowboys, but modern entities, often corporations, quangos, assemblies and governments, who wield immense power over carbon emissions.

Team plc

NEBA Private Clients UAE names Bart Kendall CEO

NEBA Private Clients UAE, a division of TEAM plc, has named Bart Kendall as its chief executive officer. With over two decades of service in the financial sector, his appointment marked a “significant milestone in the

Team plc

Reasons to invest in Energy:

Cold Weather Boost: Natural gas prices and shares thrive in severe winter weather, with recent snowstorms raising gas prices. It’s getting cold out there. “There are some hints towards the middle of January that we could