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Market Commentaries are a collection of monthly comments and analysis of the bond and equity markets and includes a summary or overview of economic data being released, global market news, commodities, and market performance by index returns.
Following a favourable July, August proved to be a more challenging environment as equity markets performed negatively. Emerging markets remained under pressure due to worsening Chinese economic sentiment. Although there were no major central...
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After the success of June, July followed in a similar vein with all equity regions returning positive results, although weaker than last month. Unlike previous periods, emerging markets had a successful month and outperformed developed markets; ma...
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The second quarter of 2023 mirrored the first quarter of the year in terms of turbulence. April returned positive results across the globe, which were somewhat reversed in May. A generally positive June helped to deliver growth for the quarter in ...
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Following mixed results in May, June was a global success for equities with indices returning positive results. After May demonstrated the divergence of growth and value, June returned similarly with positive growth for both. The Federal Reserve t...
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The global market returned mixed results in May, with developed markets struggling in the face of stubborn inflation. There was a large disparity between growth and value, with growth stocks returning positive results following momentum in the tec...
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April was a positive month for global economies as economic data demonstrated resilience against high interest rates and strong inflation. Some major developed countries are starting to see the impact of the interest rate hikes, with inflation beg...
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The first quarter of 2023 was a turbulent time for markets, but over the quarter all regional indexes successfully achieved positive returns.In terms of performance in Q1 2023:• January was a surprisingly strong month for equities, and we saw stro...
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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), Europe...
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The final quarter of 2022 was a mixed period for equities. The US struggled whilst non-US equities started to recover from a difficult year. In terms of fixed income, assets continued the trend of 2022 by not providing the level of protection we w...
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Equities had an outstanding start to the year, thanks to the favourable combination of surprisingly low inflation rates, a more accommodative Federal Reserve (Fed), and a robust economic climate.Markets Equity and fixed income markets around the w...
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The September UK mini budget triggered a rise in Gilt yields, not seen since the 1970s and depreciation of the pound to a level not seen since 1985. The move was so extreme, we have never seen such a yield increase for Gilts, over a five-day...
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Risk appetite turned sharply lower in November, with fears over the new “Omicron” variant of Covid-19 weighing on investor sentiment.The market reaction was shelter in government bonds and US dollar, while equities and high yield credit sold off. ...
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Global equity markets delivered strong gains in October, supported by another month of encouraging corporate earnings. In the US, more than 80% of companies beat consensus earnings expectations and all 11 sectors in the S&P 500 reported year-on-ye...
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Global equities generally fell during the month, with U.S. equities in particular performing poorly as the S&P 500 fell -2.7%.Equities faced headwinds from rising inflation readings and expectations of faster tapering by central banks, as well as ...
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Global equities rose during the month as risk sentiment remained robust, with U.S. equities performing well (S&P 500 +1.7% in sterling terms).Despite inflation surging at its fastest pace in nearly 13 years and rising concerns around the Delta var...
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Global equities rose during the month as risk sentiment remained robust, with U.S. equities performing well (S&P 500 +1.7% in sterling terms).Despite inflation surging at its fastest pace in nearly 13 years and rising concerns around the Delta var...
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As we move into the second half of 2021, the narrative driving markets has been one of successful vaccine programmes allowing the re-opening of economies, which in turn will drive economic growth and inflation higher.The beneficiaries have been, a...
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Global equities rose during the month in local currency terms as risk sentiment remained robust. However in Sterling terms, most overseas equity markets lost money due to the strength of the pound.The vaccination programs continued to gain steam a...
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Global equities continued to rise in April, returning 4.3%, and the developed world looks well on the path to post-Covid 19 recovery.Vaccine rollouts in the US and UK have continued to proceed well, with 44% and 51% of their respective populations...
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Global equities rose over the month as markets continued to react positively to expectations of higher growth and inflation.In the US, strong jobs and consumer sentiment data painted an improved picture for an economy that will be further bolstere...
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The rapid vaccination rollout continued to be a positive catalyst for markets in February.Global equity markets rose 2.7%, while UK equities ended the month up 1.8%. However, the strong pound held back returns of overseas assets and in sterling te...
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January saw divergent performance for equities, with developed market stocks ending the month lower while emerging market shares posted positive returns.Initially, markets continued the rally from Q4 2020, buoyed by global vaccine roll outs and th...
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2020 has been a year marked by a viral pandemic, the UK’s departure from the European Union, a tightly contested election in the United States and the worst global recession since WWII. Lockdowns have transformed the way we work and do business; r...
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News of three vaccines all showing good efficacy against the COVID virus sparked an impressive market rally in November.The announcements came on three successive Mondays from first Pfizer/BioNTech, then Moderna and finally AstraZeneca/Oxford and ...
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Equity markets moved lower in October as a resurgence of COVID-19 in Europe and the uncertainty surrounding the US elections spooked investors. The FTSE All Share fell 3.8% in the month, while the S&P 500 was down 2.8% and MSCI Europe ex UK off 5....
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After a summer of buoyant equity and fixed income markets, the investment tone was more subdued in September, with both the FTSE and S&P 500 recording losses in the month.Drivers of investor sentiment in the month included rising COVID-19 cases, l...
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August proved to be another exceptionally strong month for risk assets. Equities registered almost daily gains in the month and brought global stock indices back to their all-time highs. As has been the case since the March lows, a combination of ...
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Financial markets endured another choppy month with steep declines recorded by sections of the UK equity market, while emerging market stocks made decent gains. As has been the case for the majority of 2020, COVID-19 dominated newsflow; the pace o...
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As we close out the second quarter of a turbulent 2020, the resilience of the financial markets has surprised many investors in the second quarter and June proved to be another month which rewarded risk taking.Equities rose across the emerging and...
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May was another good month for risk assets as the COVID-19 infection rate fell across most of the developed world.Economic activity over the past month suggests that the second quarter will be worse than the first but investors are looking ahead t...
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After the severe falls across risk assets in March, markets rebounded strongly in April. COVID-19 continued to spread across the world, and revenues generated by businesses across large swathes of the economy plummeted to zero as governments enfor...
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Before we attempt to summarise our thoughts for March, we would like to send our hopes that you and your families are safe in this difficult time. As the COVID-19 death toll rises around the world, it puts our work at Flying Colours in perspective...
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After a buoyant start to the year, January saw the outbreak of the coronavirus, originatingin Wuhan, China and a pronounced turn in investor sentiment in the second half of the month.As we are still in the early stages of the outbreak, it is hard ...
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There were strong returns from all equity markets in December, marking an exceptional year for risk assets. There was a sharp rotation away from US equities and into emerging markets, with the MSCI EM index rising 7.5% and EM debt also rallying.Wi...
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