Market Commentary February 2023

Download PDF

After January demonstrated strong results, February was a tough month across the globe for both equities and fixed interest assets. Whilst we had expected a pause in interest rate rises, there have been hikes from the Federal Reserve (Fed), European Central Bank and Bank of England due to persistent inflation.

There have been inconsistencies regionally across the markets, with the US having a difficult month, but Europe and the UK showing greater resilience and performing well amid inflation concerns. The FTSE 100 and EUROSTOXX 50 returned 1.76% and 1.94% respectively. Across all major developed markets, central banks continued to increase interest rates and the potential for a short-term reduction of interest rates has now been priced out of the market. Globally, we witnessed a negative return across the board on fixed income assets, with rising yields and falling prices.


Flying Colours Investment Management aims to make investment management more accessible and transparent for clients. Our roots in investing money on behalf of our clients, and our motivation lies in a genuine desire to make a difference to people’s futures and maximising the potential for solid long-term returns.

Let's start a conversation


By submitting your details you agree to our Privacy Policy and allow us to contact you.