Weekly Financial Market Summary - Feb 4

This week in the Forex market the Jamaican Dollar (JMD) took another fall against the major traded currencies with the exception of the Euro. The JMD fell as much as $6.48 this week, year to date the JMD has performed negatively against all the major traded currencies.

subsequent to this, the Central Bank announced another flash sale of another US$30M into the market on February 4, 2019.

The Jamaica Stock Exchange (JSE) saw mixed results this week. After weeks of decline the Main Market advanced by 3.26%, while the Junior market declined by 0.91%. Overall 47 stock advanced, while 24 declined and 31 traded firm. Proven Investment (JMD) was the top performing main market this week as the stock jumped by 32.08% to close at J$35.00. tTech rebounded this week to be named the top performing junior market stock the stock appreciated by J$0.85 this week to close at J$5.85.

In the International financial markets the major Indices advanced. The S&P 500 rebounded to advanced by 41.77 points this week, year to date the S&P 500, Dow Jones and Nikkei continue to perform positively after a poor end to 2018. This week, yields on US Treasuries suffered a blow as yield on tenor declined. Consequently, all gains on Treasury yields were erased.

Check out full report here.