This monthly commentary gives a roundup of global markets and trends.
In this edition:
- Markets have had a volatile start to the year, with particular weakness from the technology sector
- The immediate catalyst has been fears of faster and steeper interest rate rises, following increasingly hawkish comments from the Federal Reserve
- US equities have led the decline, with a significant sell-off in the US mega caps. However, it has been a better time for value-led UK equities
- While inflation, Covid variants and geopolitical tensions continue to weigh on investor sentiment, policy easing in China may improve global growth prospects in the coming months
This article was previously published on Tilney prior to the launch of Evelyn Partners.