July market update – more positive momentum

In this edition

• In local currency terms, UK equities were amongst the strongest performers over the month, supported by positive company results and sterling weakness
• US equities were also positive in July despite a strong month for the US dollar, while Asian and Emerging Market equities lagged
• Fixed income markets also continued their positive momentum in July linked to the more dovish outlook from global Central banks
• In commodity markets, precious metals continued to outperform as a defensive asset class amidst global growth fears, disinflationary pressures and ongoing trade tensions

Read the market commentary

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