Economic Commentary

Showing 6 of 12 articles

Market overview: First Quarter 2018

The first quarter of 2018 was challenging, with equities and fixed income both enduring a difficult period. Under the influence of widespread headwinds, there were few areas of the market that protected investors capital, although traditionally defensive assets like UK gilts and cash were flat over the period. What is interesting is that the...

Investment Commentary: March 2018

The stop-start year for financial markets continued in March, with all major equity indices registering falls in the month. February’s sell-off was triggered by strong wage growth figures in the US and the impact of further US interest rate rises. In March, markets were spooked by fears of a global trade war as the US administration first...

Market Update: January 2018

The first two months of 2018 have served as a wake-up call to investors who have grown used to steadily rising asset prices and low volatility. Global equity markets experienced a peak-to-trough fall of close to 10% in sterling terms, and volatility briefly spiked back to levels last seen in the global financial crisis.Since the lows reached on...

2017 Market Review

2017 was a year to remember for both global financial markets and our portfolios. Investors focused on the positives in 2017; with strengthening economic data and easy monetary conditions helping risk-assets increase in value. Politics was a clear headwind in Europe – think the stop-start Brexit negotiations and Dutch, French and Germans...

Market Update: February 2018

The first thing to do is put the recent market moves into context. These have been sharp falls following a swift change in sentiment, but they are small in relation to the rises recorded over the past year. For instance, the S&P 500 has recorded the largest peak-to-trough drawdown (-7.76%) in local currency terms but is only down 0.8%...

What has Brexit meant for markets?

The result of the EU referendum, backing Britain to leave the EU, has sparked a wave of selling across financial markets. The pound, banking stocks and Eurozone equities have registered some of the biggest falls in the immediate aftermath of the referendum result but perhaps most telling has been the move in government bond markets. The UK 10 year...

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