Markets fell last week, marking one of the worst weekly performances since the lows of December last year, as the VIX index hit its highest level since January.
Investor sentiment was knocked as the US administration imposed further tariffs on China. As of Friday morning tariffs on $200 billion worth of Chinese goods moved from 10% to 25%. China vowed to retaliate but did not immediately specify their plans. Tensions between the US and Iran are also on the rise as the US deployed warships in the Arabian Gulf. Uber undertook its initial public offering (IPO) on Friday which valued the company at approximately $75 billion (the biggest since 2014), although the stock price fell over the course of the day. Treasury yields fell over the course of the week even as a 10 year note auction was met with the lowest investor demand since 2009.
For full details of last weeks’ market movements and economic news, click below:
