March market update – coronavirus economic impact spreads across the world
March market update – coronavirus impact spreads across the world
Global equity markets experienced a sharp sell-off in March, as the coronavirus pandemic and fears over its economic impact spread across the world.
In this edition
- There were broad losses across regions and asset classes, with commodity markets notably weaker, as a Saudi-Russia price war sent oil prices to their lowest levels since 2002
- The traditionally more defensive asset classes, such as gold and core government bonds, outperformed as yields fell to historic lows
- In currency markets, the Japanese yen and US dollar were also notably strong over the month
We hope you have found this update helpful. Please do get in touch on 020 7189 2400 if you have any queries or would like more information.
This article was previously published on Tilney prior to the launch of Evelyn Partners.