July market update – more positive momentum

July market update – more positive momentum

boris-johnson
Published: 08 Aug 2019 Updated: 31 Jan 2023

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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Disclaimer

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