--- title: A Quick Rebound to new highs description: Global markets witnessed a strong rally last week, highlighting the fact that the investors' confidence is still high & dips are good buying opportunities. image: https://www.financialplanningindubai.com/hubfs/Money%20Matas%20Newsletter-2.png --- [![Financial_Planning_in_Dubai_logo](https://www.financialplanningindubai.com/hs-fs/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png?width=90&height=90&name=Financial%20Planning%20in%20Dubai%20Logo_9090-2.png "Financial_Planning_in_Dubai_logo")](https://www.financialplanningindubai.com/?hsLang=en-gb) - [Home](https://financialplanningindubai.com/) - [Blog](https://www.financialplanningindubai.com/blog) - [Services](https://www.financialplanningindubai.com/services) - [Islamic Investments & Takaful Plans](https://www.financialplanningindubai.com/blog/salama-hyat-plus-takaful-plan) - [Medical Insurance](https://www.financialplanningindubai.com/blog/topic/medical-insurance) - [Free Resources](https://www.financialplanningindubai.com/free-finanical-tools) - Tools - Calculators - [S&P 500 Investment Calculator](https://financialplanningindubai.com/sp-500-investment-calculator/) - [Life Insurance Calculator](https://www.financialplanningindubai.com/life-insurance-calculator) - [SIP Calculator](https://financialplanningindubai.com/sip-calculator/) - [Lumpsum investment calculator](https://www.financialplanningindubai.com/lump-sum-investment-calculator) - [Inflation Calculator](https://www.financialplanningindubai.com/inflation-calculator-uae) - [Net-Worth Calculator](https://www.financialplanningindubai.com/blog/free-personal-balance-sheet-template-networth-statement) - [The Best Budget Planner for Expats](https://www.financialplanningindubai.com/expat-budget-planner) [Book A Discovery Call](https://www.financialplanningindubai.com/meetings/damodhar?hsLang=en-gb) # A Quick Rebound to new highs ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) 29 Aug 2021, 16:58:44 ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) The much anticipated Fed meeting failed to provide any direction on the potential tapering this year. Powell’s statement that tapering would be conditional upon economic outcomes boosted the bulls’ confidence. US GDP grows at the rate of 6.6% in Q2, slightly higher than the expected rate of 6.5%. In response, the US markets also continued to rise, reaching a new high for the 52nd time this year.  At this rate, 2021 will be the second most since 1928. We have also seen similar rallies in 2014 and 2017. ![S&P500 rally count - All time highs](https://www.financialplanningindubai.com/hs-fs/hubfs/S%26P500%20rally%20count%20-%20All%20time%20highs.jpg?width=600&name=S%26P500%20rally%20count%20-%20All%20time%20highs.jpg)The US stocks witnessed a strong rally last week, recovering from a mild stumble in the previous week. Tech stocks lead the way, with the Nasdaq ending the week higher than the S&P 500 and Dow Jones by a significant margin. The Russell 2000 small-cap Index also posted impressive gains. Corporate buybacks continue to accelerate in August, with financials overtaking Tech companies in the buyback spree.  ![S&P 500 annual growth chart](https://www.financialplanningindubai.com/hs-fs/hubfs/S%26P%20500%20annual%20growth%20chart.png?width=800&name=S%26P%20500%20annual%20growth%20chart.png)Source: Bloomberg, S&P 500 Index, the S&P 500 is an unmanaged index and cannot be invested in directly. Past performance is not a guarantee of future results. ### Europe The eurozone economy continues on the path to recovery and expansion in August. The Purchasing Managers’ Index (PMI) came in at 59.5.   PMI or Purchasing Managers’ Index (PMI) indicates the level of business activity in the manufacturing and services sectors in a given period. A reading above 50 means expansion in business activity. Anything below 50 denotes contraction.   Shares in Europe continued to rise on a solid economic outlook, rapid vaccination and accommodative monetary policy. - The Euro STOXX 600 Index advanced by 0.75%.  - France’s CAC 40 Index climbed 0.84%,  - Italy’s FTSE MIB Index ticked up 0.34% - Germany’s Xetra Dax Index added 0.28%.  - The UK’sUK’s FTSE 100 Index gained 0.85%. ### China Chinese stocks continued to recover from the steep correction in July. The Shanghai Composite Index rose 2.8%, and the large-cap CSI 300 Index gained 1.2%.  ### South Korea Unlike the US Fed, The South Korean Central bank has taken a firm stance by increasing interest rates by 0.25% to .075%.  ### India  India, the 8th largest market in the world, also saw substantial gains during the week. The Sensex and Nifty also reached new highs breaching 56,000 and 16,700, respectively.  ![India FDI Infolows](https://www.financialplanningindubai.com/hs-fs/hubfs/India%20FDI%20Infolows.jpg?width=1024&name=India%20FDI%20Infolows.jpg)Foreign Direct Investment(FDI) in India continues to rise, reaching the highest ever to $81.72 billion in 2021. ### Outlook  Overall global markets witnessed a strong rally last week, highlighting the fact that the investors' confidence is still high and dips are good buying opportunities.  Whether it is Holistic Financial Planning, Investment Planning, Life and Critical Illness Insurance, or robust portfolio management, whatever your needs are, we can help. Arrange a free consultation now. [![Click Here to Schedule an Online Meeting](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2672634/12833bcc-f16c-47a9-bfe1-27bf0de929c2.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2672634/12833bcc-f16c-47a9-bfe1-27bf0de929c2) ![Damodhar Mata](https://app.hubspot.com/settings/avatar/e63bc971ec29ebe6c012fd042c1a8215) [Damodhar Mata](https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata) Author, Blogger & Independent Financial Advisor. My goal is to give you actionable tools for creating passive income and building wealth. More than 10,000 expats have already used my ideas to jumpstart their journey towards financial independence. Connect with me to start yours... Share this article on [mailto:?subject=Check%20out%20A%20Quick%20Rebound%20to%20new%20highs%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/a-quick-rebound-to-new-highs](mailto:?subject=Check%20out%20A%20Quick%20Rebound%20to%20new%20highs%20&body=Check%20out%20https://www.financialplanningindubai.com/blog/a-quick-rebound-to-new-highs) ##### Read more - [The Real C-Suite – The Only Title That Matters 🏆](https://www.financialplanningindubai.com/blog/breadwinner?hsLang=en-gb) - [The Wealth Secret 99% of Investors Ignore – Will You?](https://www.financialplanningindubai.com/blog/the-iceberg-of-investing?hsLang=en-gb) - [From Risk to Reward? The Shifting Case for China Investing](https://www.financialplanningindubai.com/blog/from-risk-to-reward-the-shifting-case-for-china-investing?hsLang=en-gb) ## Further Reading [![S&P 500 Crosses 6000: Actionable Insights for Your Investments](https://www.financialplanningindubai.com/hs-fs/hubfs/S%26P500-crosses%206000%20mark.png?width=300&name=S&P500-crosses%206000%20mark.png)](https://www.financialplanningindubai.com/blog/sp-500-crosses-6000?hsLang=en-gb) ###### [Bull Market](https://www.financialplanningindubai.com/blog/topic/bull-market) ##### [S&P 500 Crosses 6000: Actionable Insights for Your Investments](https://www.financialplanningindubai.com/blog/sp-500-crosses-6000?hsLang=en-gb) [The S&P 500](https://www.financialplanningindubai.com/sp500-investment-returns-calculator?hsLang=en-gb) crossed the magical 6000-point mark yesterday. A remarkable 70% gain from its bottom in... [Read More](https://www.financialplanningindubai.com/blog/sp-500-crosses-6000?hsLang=en-gb) [![Weekly Market Update - Euphoria returns...](https://www.financialplanningindubai.com/hs-fs/hubfs/Euphoria%20%20Returns....png?width=300&name=Euphoria%20%20Returns....png)](https://www.financialplanningindubai.com/blog/weekly-market-update-euphoria-returns?hsLang=en-gb) ##### [Weekly Market Update - Euphoria returns...](https://www.financialplanningindubai.com/blog/weekly-market-update-euphoria-returns?hsLang=en-gb) No! not the season 2 of Euphoria on HBO! I am referring to the euphoria pushing the US stock... [Read More](https://www.financialplanningindubai.com/blog/weekly-market-update-euphoria-returns?hsLang=en-gb) ###### [Weekly Market Update](https://www.financialplanningindubai.com/blog/topic/weekly-market-update) ##### [Weekly Market Update - The Bullish Stance!](https://www.financialplanningindubai.com/blog/weekly-market-update-the-bullish-stance?hsLang=en-gb) With earnings season in full swing, the markets maintained their bullish stance last week. The US... [Read More](https://www.financialplanningindubai.com/blog/weekly-market-update-the-bullish-stance?hsLang=en-gb) *Damodhar Mata | Your Trusted Financial Advisor in Dubai* ![Damodhar Mata-7-2](https://www.financialplanningindubai.com/hs-fs/hubfs/Damodhar%20Mata-7-2.png?width=119&height=119&name=Damodhar%20Mata-7-2.png) *I can help you grow wealth, gain passive income, and achieve your goals faster and with ease. * **Top Pages** - [Home page](https://www.financialplanningindubai.com) - [Best Life Insurance](https://www.financialplanningindubai.com/best-life-insurance-dubai) - [Best Investment Plan](https://www.financialplanningindubai.com/blog/how-to-invest-in-uae) - [Retirement Planning in the UAE](https://www.financialplanningindubai.com/retirement-planning-in-uae) - [FIRE Early Retirement Guide](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Best Child Education Plan](https://www.financialplanningindubai.com/childrens-education-planning) **Top Blog Posts** - [Financial Planner or Financial Advisor?](https://www.financialplanningindubai.com/blog/financial-planner-or-financial-advisor) - [How to find the Best Financial Advisor](https://www.financialplanningindubai.com/blog/best-financial-advisor-uae) - [Win With Money Challenge](https://www.financialplanningindubai.com/blog/30-days-win-with-money-challenge) - [FIRE guide for expats](https://www.financialplanningindubai.com/blog/early-retirement-in-uae-fire-guide) - [Pay Yourself First](https://www.financialplanningindubai.com/blog/how-expats-in-uae-can-grow-wealth-using-pay-yourself-first-strategy) - [Google Reviews](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) **Other pages** - [About us](https://www.financialplanningindubai.com/about-us) - [Testimonials](https://www.financialplanningindubai.com/testimonials-financial-advisor-in-dubai) - [Services](https://www.financialplanningindubai.com/services) - [Contact us](https://www.financialplanningindubai.com/contact-us) --- © 2024 Financial Planning in Dubai. All rights reserved. [Follow us on Facebook](https://www.facebook.com/finplandubai/) [Follow us on LinkedIn](https://www.linkedin.com/in/damodhar/) [Follow us on YouTube](https://www.youtube.com/@mytwofils) [Follow us on Instagram](https://www.instagram.com/moneymatadubai) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Damodhar Mata", "url" : "https://www.financialplanningindubai.com/blog/author/money-mata-aka-damodhar-mata" }, "dateModified" : "2021-08-29T13:23:04.683Z", "datePublished" : "2021-08-29T12:58:44.000Z", "headline" : "A Quick Rebound to new highs", "image" : [ "https://www.financialplanningindubai.com/hubfs/Money%20Matas%20Newsletter-2.png" ], "mainEntityOfPage" : { "@id" : "https://www.financialplanningindubai.com/blog/a-quick-rebound-to-new-highs", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.financialplanningindubai.com/hubfs/Financial%20Planning%20in%20Dubai%20Logo_9090-2.png" }, "name" : "Financial Planning in Dubai" } } ``` ```json { "@context" : "https://schema.org", "@type" : "Organization", "address" : { "@type" : "PostalAddress", "addressCountry" : "UAE", "addressLocality" : "Emaar Square, Burj Downtown, Dubai,", "addressRegion" : "Emaar Square", "postalCode" : "124422", "streetAddress" : "Building No 1, 4th floor" }, "alternateName" : "Financial Planning in Dubai | Independent Financial Planner", "logo" : "https://www.financialplanningindubai.com/hs-fs/hubfs/New_logo.png?width=100&name=New_logo.png", "name" : "Financial Planning in Dubai | Independent Financial Planner", "sameAs" : [ "https://www.linkedin.com/in/damodhar/", "https://www.facebook.com/finplandubai", "https://twitter.com/finplandubai", "https://www.instagram.com/moneymatadubai/", "https://www.youtube.com/channel/UC-Zc9NxnCZDw0j_HkTerMWw/videos", "https://in.pinterest.com/finplandubai/" ], "url" : "https://www.financialplanningindubai.com/home01" } ```