News archive

From trade war to corona virus

2020 started with a strong stock market upturn, driven by positive macro and increases in earnings estimates. Towards the end of the month, the corona virus led to a sudden change in mood.

Strong end to 2019

The stock markets ended last year with a strong upturn in December. The economic growth is expected to continue in 2020, and the trade war appears to be heading towards a conclusion.

Shares continued to rise

Confidence that a trade agreement between China and the USA will soon be entered into, combined with improvement in global manufacturing figures, lifted the stock markets in November.

Changes to Delphi Funds

Stig Tønder has decided to pass on the baton after 25 years with Delphi Funds. As a result, we are now making a number of changes. New to the management team is Andreas Berdal Lorentzen.

Faith, hope and the central banks

The stock markets rose further in October, while global industry figures continued to fall. Simultaneously, the central banks are fueling the upswing with interest-rate cuts and new quantitative measures.

The central banks' turnaround

September was a positive month for most stock exchanges worldwide. At the same time, the European and US central banks once again had to pull on their monetary-policy joysticks.

A tug-of-war is ongoing

August was a turbulent month in the stock markets. Trump's escalation of the trade war with China and, not least, tug-of-war with his own central bank helped to maintain the excitement.

A sense of déjà vu

July ended with an upturn for many of the world's stock exchanges. Yet again, Brexit, the trade war between the USA and China, and the companies' quarterly reports stole the headlines.

Strong summer sprint

Following weak developments in May, the stock markets experienced a strong end to the first half-year in June. Yet again, it was smoke signals from the central banks that contributed to the change in mood.

Escalating trade war

Following a sharp upturn in the global stock markets since the correction in December, fear spread among investors in May. Yet again, Trump's energetic tweeting started the unrest.