Market Commentary July 2015

Highlights Equities gained in July as markets reacted positively to Greece’s  acceptance of a package of preconditions to enter talks on a new bail-out programme. Bonds also gained on the Greek news as investors anticipated a longer period of low interest rates and continued quantitative easing by the ECB. Commodity markets fell on concerns that the recent correction in the …

Market Commentary June 2015

Investment Markets in June 2015 Highlights Equities were volatile in June with the developing crisis in Greece the main concern across all asset classes. Industrial metals and oil were weak due to stronger than expected supply data. Agricultural commodities performed strongly. Eurozone sovereign bonds were weaker with core markets outperforming. Concerns about Greece led to a flight into German bonds. …

Market Commentary May 2015

Investment Markets in May 2015 Highlights 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 …

Market Commentary April 2015

Investment Markets in April 2015 Highlights Equity markets fell in euro terms in April on foot of weaker economic data in the US and China and weakness in most of the major traded currencies against the euro. Bonds were also weaker in April with euro-denominated bonds falling due to marginally better German inflation numbers. US Treasuries saw a rise in …

Market Commentary – December 2014 and Outlook for 2015

Markets weakened in local currency terms in December but US and Japanese markets gained in Euro terms as the Euro weakened further. Equity market performances diverged in 2014 as European markets underperformed the US as the Eurozone economy lagged the recovery in the American labour and housing markets. US stockmarkets gained over 11% in 2014 with the 13% gain in …