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
Rollercoaster times – 14 April 2025
What a week! Market volatility – with US equities surging as much as 9.5% last Wednesday – makes rather a mockery of trotting out the usual weekly performance numbers. But … 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
Necessity is the mother of Invention – An Update on Trump’s Tariffs
Necessity is the mother of Invention So, there we have it—’Liberation Day,’ as President Trump styled it. His speech in the Rose Garden was designed to play the strong man … Read More
Trepidation not Liberation – 31 March 2025
Global equities last week unwound the modest gains of the previous week, falling 1.3% and 1.7% in local currency and sterling terms respectively. This left markets up just over 1% … Read More
Your Spring Statement Update- The key news from the chancellor’s speech
After Rachel Reeves’ impactful first Budget in autumn 2024, you might have been concerned about the announcements that would be included in her Spring Statement on 26 March 2025. One … 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
Unloved – 10 March 2025
Global equities last week posted declines for the third week running, falling 1.8% in local currency terms. A recovery in the pound against a weak dollar to $1.29 left markets … Read More
Love is fickle – 3 March 2025
Global equities retreated last week for the second week running, falling around 1% in both local currency and sterling terms. Meanwhile, UK gilts and US Treasuries gained 0.9% and 1.4% … Read More