Market Review – November 2023
Global markets surge oninvestor optimism as inflation cools further Global markets rallied in November as cooler-than-expected US and European inflation data boosted investor sentiment. The consensus-beating inflation data supported the view that the current interest rate-hiking cycle in developed markets has reached its peak. This sparked a rally in equities, bonds and real estate assets. […]
Market Review – October 2023
Global markets weaker on higher bondyields and geopolitical concerns Global markets declined in October on concerns of the long-term impact that higher-for-longer interest rates will have on global economic growth. Geopolitical tensions were also in focus with the Israel-Hamas conflict dominating headlines. This added to volatility in oil markets while boosting the safe-haven appeal of […]
Market Review – September 2023
Global markets weaker ashawkish Fed weighs on sentiment Global markets declined in September after the US Federal Reserve (Fed) adopted a more hawkish stance towards its monetary policy outlook. While the Fed kept interest rates steady at its September meeting as expected, they conveyed their expectation that monetary policy would remain tighter throughout 2024. This […]
Market Review – August 2023
Global markets retreat on policy uncertainty andweak Chinese economic data Global markets were weaker in August, but recovered from mid-month lows, as higher-for-longer interest rate expectations weighed on risk assets. Developed market equities declined 2.6% for the month (MSCI World) while emerging market equities were decidedly weaker, with the MCSI Emerging Markets index declining 6.4%, […]
Market Review – July 2023
Global markets advance on cooling inflation and positive Q2 earnings Global equity markets made further gains in July as cooling inflation in the US, UK and Europe boosted global investor sentiment. Adding to buoyant sentiment were positive earnings results as second quarter company earnings season got underway on the US. This, coupled with encouraging US […]
Market Review – June 2023
Global markets gain as signs of moderating inflation spurs optimism US equity markets charged higher in June on optimism that inflation will cool sufficiently in coming months, helping prevent the Fed from over-tightening policy rates. Labour market resilience is also helping shape the narrative that the US will avoid anything worse than a shallow recession. […]
Market Review – May 2023
Only Big Tech shines as markets retreat on US debt default and globalgrowth concerns The US Congress finally approved a deal to lift America’s borrowing limit, averting the alarming prospect of the US defaulting on its $31 trillion debt, which underpins the global financial system. The US government was forecast to reach its borrowing limit […]
Market Review – April 2023
Markets in the green as positive Q1 earnings surprises lift sentiment Global equity markets were mostly positive in April, largely driven by better than expected first quarter company earnings in the US, which was supported by surprisingly resilient global economic growth, despite continued higher interest rates and further banking sector stress. The more growth […]
Market Review – March 2023
Mini banking crisis tests resolve of global markets and central bankers Global markets mostly gained in March as turmoil in the banking sector, coupled with a further cooling of inflation, raised the prospect of the Fed easing monetary policy sooner than expected. In the US, the S&P 500 index gained 3.5% while tech-heavy NASDAQ Composite […]
Market Review – February 2023
Global markets retreat as strong economic data points to continued monetary tightening. Global markets trended lower in February as above-consensus inflation data and robust US employment data raised concerns that the Fed may maintain its aggressive monetary-tightening policy for longer. In the US, the S&P 500 index and NASDAQ Composite declined by 2.6% and 1.1% […]
