Market Commentary May 2015

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.

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