Global equity markets continued their recovery over the month of May following earlier stimulus packages, with a notable increase in risk appetite amongst investors as the global growth rate of Covid-19 cases continued to slow and the global economy gradually started to re-open.
In this edition
- There were positive returns from developed market equities over the month. Commodity markets were also strong performers, with energy prices notably higher on a pick-up in demand and agreed cuts to oil supply from the OPEC+ producer group
- Within fixed income markets, credit spreads continued to tighten and high yield outperformed
- In currency markets, sterling was weaker over the month as the UK and EU negotiators made little progress on trade talks
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This article was previously published on Tilney prior to the launch of Evelyn Partners.