This monthly commentary gives a roundup of global markets and trends.
In this edition:
- Stock markets have now moved above the pre-invasion levels, as hopes for a ceasefire between Russia and Ukraine have grown
- However, Russian sanctions and commodity market volatility continue to prove disruptive for the global economy. Nickel and wheat, for example, have seen troubling price spikes as supply has squeezed
- Equities rallied after the US Federal Reserve and Bank of England raised interest rates in March and guided markets to expect more rises through the rest of 2022
- Despite significant challenges, our base case remains that the global economy should still see solid growth in the year ahead
This article was previously published on Tilney prior to the launch of Evelyn Partners.