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

Powell Play

Global equities had another quietish week, albeit including a 3% mid-week pop in the US market, ending up 0.5-1%. The main news was in the US, where a speech by … Read More

Covid rears its head

Markets last week were relatively quiet for the second week running, in part no doubt due to the Thanksgiving holiday in the US. Global equities rose 1.3% in local currency … Read More

Markets Shrug off Chancellor’s Gloom

Following their bounce the previous week, global equities were little changed in local currency terms last week with no major market-moving news. COP27 was always going to be a bit … Read More

The Good, The Bad and The Ugly

Last week was a volatile one for markets generally, not just crypto. US equities surged as much as 5.5% on Thursday, leaving global equities up 5.1% in local currency terms … Read More

A Pivotal Week

Last week proved a mixed affair for equity markets. Global equities ended down 1.2% in local currency terms but up 1.4% in sterling terms. There was also a marked divergence … Read More