Dear client,
We return with our usual weekly comments. We hope you are all well at home.
The month of August is unfolding peacefully in the financial markets. The stock markets are rising and the credit and interest rate markets remain very stable. However, the foreign exchange markets have been more active. The dollar has continued to depreciate during the first fortnight of the month, only to regain ground in the last week. Other currencies have had quite a few movements, such as the pound sterling or the Canadian dollar.
On the health side, although there are many resurgences, hospitals are not as saturated as we saw in March. Even so, the restrictive measures mean that activity will recover at a slower pace. Caution is called for, as uncertainty is high and investor sentiment may change in the face of any negative news.
This environment has been quite favourable for the portfolios that have risen so far this month. These increases are mostly due to small results in many different operations. The main opportunities in the portfolios are still not giving the expected return. This means that despite the progress made, the potential for revaluation remains very high. We continue to see a lot of turnover and we expect this to be the trend in the coming months, which makes us quite optimistic.
We are at your disposal for anything you may need.
Greetings
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@GrantiaCapital