Tariff relief – 12 May 2025

Last week was a quiet one for markets. Global equities and bonds both ended the week little changed although gold rose 2.4% to $3340/oz. The Fed and Bank of England … Read More

Enjoy the rally – 28 April 2025

The rebound in equity markets resumed last week, with global equities ending up 4.0% in local currency terms and 3.4% in sterling terms. However, markets remained very volatile with the … Read More

Hold your nerve – 7 April 2025

Liberation day, far from heralding a new era of US prosperity, has provoked market panic. Global equities lost around 8% in both local currency and sterling terms last week, leaving … Read More

Uncertainty reigns – 24 March 2025

Markets were quiet last week. Global equities recovered a little after four weeks of declines, rising a bit under 1% in both local currency and sterling terms, leaving them down … Read More

Tit-for-tat – 17 March 2025

Global equities continued their retreat last week, falling 1.7% in both local currency and sterling terms. This was their fourth consecutive weekly decline and left markets down 7.6% in sterling … Read More