Investment Markets in May 2015
- A sharp rise in bond yields in the first half of May led to increased volatility in equity markets.
- European sovereign bond yields fell back at month end as the ECB said that growth indicators in the Eurozone warranted acceleration of its bond buying programme over the summer.
- US equities made further gains.
- Japanese equities were very strong in May, reflecting stronger than expected economic data.
- Oil prices continue to recover.