April Market and Economic Update

April Market and Economic Update
20 Apr 2015
Gareth Lewis
Gareth Lewis
Authors
  • Gareth Lewis
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A weaker sterling helped disguise a more hesitant performance from global equity indices in March for GBP-based investors.

  • The US market in particular, wrestling with downward revisions to earnings estimates, ended the month almost 2% lower in US dollar terms.
  • In contrast Japanese and Eurozone equity markets continued to respond positively to local quantitative easing programmes and a stronger earnings outlook.
  • In bond markets gilts and US Treasuries clawed back some of the previous month’s losses, after Central bankers pushed back expectations of when interest rates might rise.

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Disclaimer

This article was previously published on Tilney prior to the launch of Evelyn Partners.