Market Update – May 2024
Summary Equity markets posted local currency gains But, appreciation of the pound weighed on translated returns Commodities continued to perform well Changing interest rate expectation led to movement in bond indices Hopes for a so-called ‘soft-landing’ persisted through May, with cooling inflation and signs of improving growth helping to drive gains across all major equity […]
Market Update – April 2024
Summary Divergence seen across equity markets Precious metals continued to perform well Difficult month for all major bond indices Starting with bond markets, we saw negative returns for all the major bond indices across April. Largely this negative performance was driven inflation by data which came out during the month, particularly relating to […]
Market Update – March 2024
Summary A broadly positive month for equity markets Precious metals performed very strongly Bonds reversed sharply at the end of the month March saw positive performance across global equity regions as sentiment continued to improve around global growth, and a narrative emerged on the theme of ‘broadening out’; that is to say wider participation […]
Market Update – February 2024
Summary A generally positive month for equities But a negative month for bonds as investors’ rate expectations shift Economic data remains strong, but surprises are possible February saw a bifurcation between equity and bond returns, with generally positive moves for global equity markets driven by strong corporate earnings reports, while fixed income came under […]
Market Update – January 2024
Summary A mixed start to the year for equities Bond markets fell as investors parred back rate cut expectations Oil Prices rallied as tensions mounted in the Middle East Listen to the audio version Discover more insights from our Divisional Director, Peter Donaldson, and Investment Manager, Imogen Hambly as they delve deeper into last […]
Market Update – December 2023
Summary A strong finish to the year for equities and bonds Despite the volatility, most major asset classes ended 2023 positively The market now looks forward to potential rate cuts in 2024 The positive sentiment from November carried on through December, as both equity and bond markets ended the year in in good spirits. […]
Market Update – November 2023
Summary Strong economic momentum supported equity markets Bond yields fell, leading to gains across fixed income Expectations increased that ‘peak rates’ have been reached Positive sentiment was seen across global markets through November, with the global equity index closing up 8.1%, in what was the best month for equities in three years. Across developed […]
Market Update – October 2023
Summary October saw roundly negative returns across global equity markets Better fortunes for ex-US fixed income Precious metals perform well amidst geopolitical uncertainty Listen to the audio version Discover more insights from our Divisional Director, Peter Donaldson, and Investment Director, Oliver Stone as they delve deeper into last month’s market update. Listen now […]
Market Update – September 2023
Summary September saw mixed returns across global equity markets US tech equities have a rare negative month Bonds continue to struggle Listen to the audio version Discover more insights from our Divisional Director, Peter Donaldson, and Investment Director, Oliver Stone as they delve deeper into last month’s market update. Listen now We saw […]
Market Update – August 2023
Summary August saw negative returns across global equity markets Asian and Emerging Markets struggled following weak Chinese equity performance Government bonds continued to underperform Global equity markets returns were largely negative through August, with the global equity index losing 1.2%, in local currency terms. On a regional basis, Asia and emerging markets underperformed, largely […]