Pluses and minuses

17 May 2024

It was a decent week for investors, with global stocks up around 1% from last Friday. British and European equities finished virtually flat, with the US and China slightly up. The gain for US stocks was not outsized, but it was...

A blooming May for the UK

10 May 2024

Stocks and bonds had a good week again, revelling in the after-effects of last week’s US Federal Reserve meeting and signals of a tepid US jobs market in the April employment report. Hong Kong stocks did particularly well, after...

Still sticking to the plan

3 May 2024

Equity and bond markets have had a reasonably good week, with policy makers helping to calm nerves. Geopolitical concerns retreated further; the US and Saudi Arabia are close to a bilateral agreement which may well include the...

Inflation, a common side effect of growth

26 April 2024

Intraday equity market volatility is back, as this roller coaster week showed. Still, we yet again seem to be ending flattish after a busy end to the week. ...

Market quiet on the Middle Eastern front

19 April 2024

The Middle East is dominating world news again, as the awful moment has come when Israel and Iran have engaged in open and direct conflict, albeit at great distance. That the warfare is across considerable distances makes it different...

What the return of volatility tells us

12 April 2024

The week has seen quite large price movements in asset markets even though, overall, equities are relatively stable. The UK’s main market index, the FTSE 100, is higher and among the better index performers globally. It came...

Bumpy start to the quarter

5 April 2024

Following on from two very strong quarters for investors in risk assets, the start of the second quarter has seen a sudden change of mood, and the first distinct bout of equity volatility this year. ...

Everyone is an optimist now

28 March 2024

Asset price volatility continues to decrease, much like it has done across the quarter, so we can be reasonably sure that Q1 2024 will finish strongly positive for equity markets across the world. This week (so far) has been another...

The flipside of inflation – growth

18 March 2024

Consolidation continued in most equity markets this week, although bond prices did actually drop somewhat. UK and European equity markets are stronger, Japan is weaker and US large caps are largely unchanged, although there is...

At least currency markets noticed the budget

11 March 2024

This week has seen global markets showing gains again. The FTSE 100 is a little lower but the US S&P 500 hit another all-time high, driven by renewed interest in megacaps. Bond prices rose and sterling is stronger against...