Investors will enter the spring season in better spirits, after March rounded off a much-needed positive quarter for market returns.
What happened in the markets?
- Global equity markets maintained their positive momentum in the month, as the MSCI World index delivered its strongest quarter of returns in over six years
- However, it was not all smooth sailing for markets in March, with a dovish policy pivot from global Central banks, linked to global growth fears, resulting in an eventful month for global bond markets and a weaker outlook for interest rates
- In currency markets the pound remained notably volatile, as the uncertainty surrounding Brexit negotiations and the UK’s economic and political future continues
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This article was previously published on Tilney prior to the launch of Evelyn Partners.