The second quarter of 2019 was a strong period for markets as global equities and bonds returned 6.28% and 5.76% respectively in sterling in response to increasing prospects of US monetary easing.
Download this articleGlobal equities rallied after the sell-off in late 2018, rising 9.79% in sterling over the quarter. A shift in US monetary policy and dovish rhetoric from the Federal Reserve chairman, Jerome Powell, stemmed the ebbing tide of investor condence.
Download this articleThe year 2019 opened to a world of worry, contrasting with the investor optimism prevailing in January 2018. Global equities fell 10.57% in sterling terms over the nal quarter of 2018, erasing most of the previous two quarters’ gains and leaving the loss for the year at 3.27% in sterling.
Download this articleThe sharp falls in equities and bonds during early October overshadowed the benign market conditions of the third quarter of 2018. In the rst half of the month, global equities fell 6.40% in sterling, eradicating the 5.70% gain during the third quarter.
Download this articleGlobal equities and bonds rose 7.01% and 3.30% respectively in sterling over the quarter, with returns enhanced by the pound’s 5.88% fall against the dollar. Central bank announcements confirmed the gradual pace of global monetary tightening.
Download this articleJanuary’s investor optimism moderated in February in the face of stronger-than-anticipated US wage growth and evanesced in March on fears that President Trump’s trade war.
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