Market Update – July 2023
Summary July saw positive returns across global equity markets Asian and Emerging Markets equities benefitted from improving sentiment towards China Government bonds continue to underperform Listen to the audio version Discover more insights from our Divisional Director, Peter Donaldson, and Portfolio Manager, Imogen Hambly, as they delve deeper into last month’s market update. Listen […]
Market Update – June 2023
Summary June saw better equity performance, with the US outperforming Government bonds underperform Opportunities in UK assets June saw an improved month in the round for equities, with most regions positive in pound terms as the first chart below shows, but investors will have felt a sense of déjà vu from previous months as […]
Market Update – May 2023
Summary May saw divergent equity market returns The pound strengthens again as inflation surprises Gilts perform poorly May saw another month of heavily divergent market returns across asset classes as prevailing narratives shifted, and macroeconomic data continued to surprise positively and negatively relative to consensus. In equities, as the first chart below shows, we […]
Market Update – April 2023
Summary April saw a calmer month for news flow UK equity returns were particularly impressive Bond returns were mixed After the drama of March, April was a much calmer month for news flow, thankfully, with no further escalation of the banking system crises. This being said, at the time of writing we must note that […]
Market Update – March 2023
Summary March saw stresses appear within the banking sector Financial markets remained resilient Data continues to indicate an easing in headline inflation, but financial conditions remain tight The collapse of two high-profile banks made headlines through March, with US based Silicon Valley Bank failing on 10 March, closely followed by Credit Suisse, which saw […]
Market Update – February 2023
Summary February saw an unwinding of January’s strength UK equities outperform, Chinese equities underperform More positive economic data raises risks of tighter conditions February started where January left off; with strongly rising global stock and bond markets carrying on the positive sentiment shift we saw at the start of the year. Unfortunately, this status quo […]
Market Update – January 2023
Summary January’s market returns near-universally strong Driven by more positive macroeconomic sentiment Downside risks remain 2023 started in spectacular fashion as both equity and bond markets rallied strongly throughout January, confirming a positive sentiment shift, at least in the short-term. Equity markets were buoyed by a number of factors; perhaps most notably the ongoing […]
Market Update – December 2022
Summary December sees a return to negative outturns Chinese equities rise strongly 2023 set to be volatile After November’s positivity, December saw a return to the gloomier performance profile we have unfortunately become accustomed due throughout 2022. Both equities and bonds were predominantly negative in both local currency and pound terms with few bright […]
Market Update – November 2022
Summary Relief rally in November for unloved assets Chinese equities rise strongly Risks remain to outlook The overarching theme for November was one of ‘reversal’. We saw something of a relief month, with big bounces enjoyed by many asset classes unloved or depressed through 2022. Much of the strength was driven by several US […]
Market Update – October 2022
Summary UK assets stabilise in October. Bond and equity returns are mixed. Investors express concerns over Chinese policy direction. Liz Truss gained the unenviable record of becoming the UK’s shortest serving prime minister after resigning on 20th October. After the appointment of Jeremy Hunt as Chancellor and his immediate and comprehensive reversal of nearly […]