Looking back at the markets through April 2021

A selection of articles looking back through the markets last month. Global Market Review Optimism drives share prices in April Global equity markets generally rose during April, buoyed by encouraging economic data from the US. The International Monetary Fund (IMF) upgraded its forecasts for global growth from 5.5% to 6% in 2021 and from 4.2% … Continue reading “Looking back at the markets through April 2021”

Can global cities still thrive after the Covid-19 crisis?

The Covid-19 pandemic has led to many changes in the way people live and work. With many forced to work from home during lockdown, some people are now questioning whether they need to live in the city in which they work. This has prompted much speculation in the media about the future of global cities … Continue reading “Can global cities still thrive after the Covid-19 crisis?”

The pandemic has a further sting

Equity markets are discounting a fast pace of recovery in the second half of 2021. But investors need to watch out for those countries where lockdowns will need to intensify. The virus is not defeated yet. According to the European Centre for Disease Prevention, in the last two weeks, India experienced 4.8 million new cases of … Continue reading “The pandemic has a further sting”

Things usually turn out better than we feared

Over time things have a habit of turning out better than we feared. This is not to suggest that we adopt a Pollyanna mindset, but to simply highlight that there is a tendency to view uncertainty as a negative.  Now, if we turn to the business of investing the whole exercise is fraught with uncertainty, … Continue reading “Things usually turn out better than we feared”

Looking back at the markets through March 2021

A selection of articles looking back through the markets last month.  Global Market Review “Light at the end of the tunnel”? The global economic outlook has improved, according to the Organisation for Economic Cooperation & Development (OECD), which upgraded its growth forecasts, as vaccine rollouts gain momentum and governments – particularly the US – provide … Continue reading “Looking back at the markets through March 2021”

How strong might the UK’s post-Covid economic recovery be?

Despite encouraging signs, policy support will be required for some time to come. It has been a tough start to the year for the UK. As lockdown restrictions continue to slowly ease, we examine the progress made in tackling the Covid-19 pandemic, and whether hopes for a strong economic recovery are well founded. Vaccines offered … Continue reading “How strong might the UK’s post-Covid economic recovery be?”

UK mid-caps – far from middle of the road

No matter what their size, the past few years have been tricky for UK companies. First Brexit, then the Covid-19 pandemic – two headwinds that saw many investors leave the UK equities market for more certain climes. Now though, with an acceptable Brexit conclusion and a potential vaccine-led recovery, we believe UK equities, mid-caps in … Continue reading “UK mid-caps – far from middle of the road”

The pandemic takes a large toll on Europe

Europe has endured one of the worst experiences of the pandemic worldwide, with high case rates and all too many deaths. By 18 March, the European Union’s official figures showed 24 million cases to date and 577,000 mortalities. All seven of the countries that have recorded more than 1,900 deaths per million from Covid-19 globally … Continue reading “The pandemic takes a large toll on Europe”

Looking back at the markets through February 2021

A selection of articles looking back through the markets last month.  Global Market Review Concerns grow over inflation Although most major equity indices ended February in positive territory, the month finished on a question-mark. A sharp sell-off across bond markets pushed up bond yields and drove down demand for growth stocks as investors assessed the … Continue reading “Looking back at the markets through February 2021”

Steering a course to UK equities for the opportunities ahead

It’s not an easy time to be an investor. 2020 was a rollercoaster year whatever asset class you invested in. Even looking ahead, it’s understandable that investors may be nervous about making any big asset allocation decisions at the moment. However, at times of uncertainty and change, some of the best investment opportunities can reveal … Continue reading “Steering a course to UK equities for the opportunities ahead”

Running hot – but not too hot?

Last year, the big themes that found favour in the market were the digital winners from lockdown and the potential green winners from Build Back Better. This year, there is more emphasis on the shorter-term winners from recovery. The speed and nature of that recovery is now at the heart of the market debates. Will … Continue reading “Running hot – but not too hot?”

Emerging markets lag in Covid-19 vaccine race

Constraints on the supply of Covid-19 vaccines have meant that the roll-out has been much slower in  emerging markets (EM) relative to developed markets. While some EM such as Chile and those in Central Eastern Europe are distributing inoculations relatively quickly, most are lagging behind. Despite warm words in recent weeks, the hoarding of vaccines … Continue reading “Emerging markets lag in Covid-19 vaccine race”

Why you should know your index

The FTSE 100 has been a relative underperformer because of its high weighting in financial and commodity companies. The indices that have outperformed have businesses that look to the future. The last few years have seen wide divergence in the performance of different international equity indices. Over the last five years, Nasdaq – the world’s … Continue reading “Why you should know your index”

How Asian stock markets shook off the pandemic

It seems ancient history now, but 2020 opened with a high degree of optimism for Asian markets. True, valuations were no more than reasonable given the share price gains of the previous twelve months, but conditions appeared favourable and there was a widespread consensus on a global economic recovery and a strong year ahead for … Continue reading “How Asian stock markets shook off the pandemic”

Looking back at the markets through January 2021

A selection of articles looking back through the markets last month.  Global Market Review “Unintended consequences” Financial markets are becoming increasingly vulnerable to a sharp correction that would, in turn, jeopardise stability, according to the International Monetary Fund (IMF). The IMF warned that investors’ expectations of continued support from governments and central banks has generated … Continue reading “Looking back at the markets through January 2021”