This monthly commentary gives a roundup of global markets and trends.
In this edition:
- Financial markets are digesting the end of government and central bank stimulus packages
- The US S&P 500 index has entered a bear market, dragged lower by sectors more sensitive to higher interest rates such as technology
- Government bond prices have also declined sharply to reflect a sudden shift in outlook from the major central banks
- Equities could recover from current levels, if inflation peaks soon and companies continue to deliver healthy earnings
The value of investments, and the income from them, may go down as well as up and investors may not get back the amount originally invested.