We hope you all feel well.
The week started with strong rises in the stock market and ended in the same place where they started in the USA and down in Europe. The focus was on the US Federal Reserve meeting, which has finally left the market rather hesitant. As we said in previous communications, the speech of the American central bank does nothing but acknowledge the inability to generate greater growth despite the very extraordinary measures taken all these years. The positioning of investors and economic data that point to a very slow improvement in the economy, together with bad news in the health sector, make us think that the fall in the stock markets could continue in the short term.
Our portfolios are up this week, despite the fact that the currencies have not finished very far from where they did last week. However, we are witnessing a lateral movement with some volatility that helps us to continue collecting profits. While we wait for the best opportunities, which are many at the moment, to begin to bear fruit, the portfolios are positive for the month and the potential for revaluation remains intact.
We also wanted to inform you that we have returned to work in person since last Monday and that we are still 100% operational in all our departments.
We are at your disposal for anything you may need.
This document is provided for informational purposes only and cannot be considered in any case as a contractual element, a recommendation, personalized advice or an offer. Nor can it be considered as a substitute for Key Information Document (KID) or any other mandatory legal information that should be consulted prior to any investment decision. In case of discrepancy, the legal information prevails. All this legal information is available at the offices of Grantia Capital SGIIC, SA and on its website: www.grantiacapital.com