Bonds rather than equities were the centre of attention last week. 10-year US Treasury yields jumped 0.35% to 2.50%, while 10-year UK gilt yields increased 0.20% to 1.67%. Yields have … Read More
A Leap of Faith
Equities staged a strong bounce last week with global markets posting a gain of 5.6% in local currency terms. Strikingly, they are now up some 3% since Russia invaded Ukraine … Read More
Oil Moves Centre Stage
Markets continue to be dominated by the terrible events unfolding in Ukraine. Global equities last week lost 1.5% in sterling terms with a wide dispersion in performance between markets. European … Read More
A Heartless Market
Markets were dominated last week by the full-blown Russian invasion of the Ukraine. Following initial declines of 3-4%, the major markets subsequently rebounded and regained the bulk of their losses on … Read More
Back From The Brink?
Markets were dominated last week by the growing expectation that a Russian invasion of the Ukraine was imminent. Global equities ended the week down 1.5%, back around their late January … Read More
Conflict Beckons
Markets remain volatile. Global equities started last week on a firm note but ended some 0.5% lower and are down 2% this morning. These declines take them back down to … Read More
A Kettle of Hawks
Global equities had yet another volatile week but ended up 1.5% in local currency terms. The volatility had two main causes – big tech stocks and bonds. Taking tech first, … Read More
Humble, Nimble and Hawkish
Equity markets had another volatile week, with sizeable intra-day swings particularly in the US. But unlike the previous week, when global equities fell a sizeable 4%, they ended down a … Read More
Correction Time
Equity markets resumed their decline last week following a pause the previous week. Global equities fell a not insignificant 4% in local currency terms and 3.2% in sterling terms and … Read More
No Shelter From Inflation
Following a burst of activity at the start of the year, markets calmed down last week. Bonds were little changed following the sharp rise in yields seen the previous week. … Read More