Look at the headline move in global equities last week and you would have no idea that the financial sector is facing its biggest test since the global financial crisis. … Read More
This Time is Different
Equity markets last week lost 3.6% in local currency terms and 4.4% in sterling terms, more than reversing their gain of 1.8% the previous week. A hawkish Fed and an … Read More
A Tug of War
Equity markets rose 1.8% last week, reversing the bulk of the previous week’s decline. China led the way with a 3.3% gain. Meanwhile, bonds had a mixed week with yields … Read More
Data Overload
Last week was billed as an important one for markets and it lived up to expectations. There were a fair few twists and turns along the way but global equities … Read More
A Big Week
Equity markets resumed their rebound last week after a pause the previous one. Global equities gained 2% in local currency terms to be up 6.6% year-to-date and 14% from their … Read More
The Rabbit is Out of the Hat
Last week was a relatively quiet one for markets. Equities edged lower following their strong start to the year while bond yields were little changed. Chinese equities have been the … Read More
Testing Times
Global equities have had a good start to the year. They rose 2.6% in local currency terms last week and are up 4.7% so far this year. In sterling terms, … Read More
Better Times Ahead
2022 was an unprecedented year for markets, with both bonds and equities recording substantial losses at the same time. UK government bonds ended the year down close to 25%, a … Read More
The Oracles Pronounce
Last week was very much a game of two halves, a description all the more apposite in light of events on Sunday. Global equities rose some 1.5% in the first … Read More
Don’t Lose Hope
After a weekend of football disappointment and travel chaos, and with a strike calendar looking rather more useful than an advent calendar, this week’s commentary is an unashamed attempt to … Read More