Global equities moved lower last week with the MSCI All Country World Index dropping 2.5%, extending September’s decline to 9.5% and the year-to-date loss to just over 25%. This marked the worst monthly loss for the index since March 2020. …
The pound fell to a record low against the US dollar and UK government bond yields moved sharply higher after Kwasi Kwarteng, the new chancellor, announced the UK’s largest set of tax cuts in half a century in a mini …
Global equities advanced in the first full trading week of September, with the MSCI All Country World Index rising 2.7%. Good news on the inflation front came in the oil price falling to its lowest level since Russia’s invasion of …
Concerns surrounding monetary policy tightening weighed on markets in August, with global equities handing back a fair portion of the previous months’ gains as bond yields resumed their move higher. UK-based investors with dollar-based assets were once again shielded from …
Liz Truss has been sworn in as Britain’s new prime minister after comfortably beating Rishi Sunak, securing 57% of the leadership contest vote among Conservative party members. There was a fairly muted market reaction to the news, perhaps partly because …
Global stock markets came under pressure at the back end of last week after Jerome Powell, chair of the Federal Reserve (Fed), reiterated the central bank’s determination to continue raising rates to tame high inflation. The MSCI All Country World …
Global equity benchmarks pulled back last week, paring some of the gains from the recent impressive rally as the MSCI All Country World Index ended down by 1.6%. Bond yields jumped on the re-emergence of concerns surrounding hawkish central banks, …
Last week provided the strongest signal yet that US inflation has peaked. Stock markets warmly welcomed the development with the MSCI All Country World Index gaining 2.9% on the week, although fixed interest markets were little changed overall. For July, …