EQUITY MARKETS & PRECIOUS METALS RALLY AS INTEREST RATES EASE AND TARIFF WORRIES FADE Global equity markets made consistent progress through Q3, reflecting confidence in strong corporate fundamentals, some relief around the impact of tariffs, and encouragement...

VOLATILITY AND RECOVERY The first half of 2025 was marked by volatility and a notable recovery across global markets. In April, fears over new tariffs led to a severe market downturn, with the S&P 500 dropping by as much as 18% and the Nasdaq plunging 23% for the...

TARIFF TENSIONS AND GLOBAL INVESTMENT SHIFTS It was a tumultuous first quarter for global markets and investors. President Trump signed a stream of executive orders that signalled that the US was moving into a vastly different political, economic, and administrative...

US AND JAPANESE EQUITIES STRUGGLE WHILE EUROPEAN SHARES RISE “THE US EQUITY MARKETS HAVE NOW SHED THEIR POST-ELECTION GAINS.” Europe and the UK outperformed in February, with the MSCI Europe (ex UK) index rising by 3.7% and the FTSE All Share index by 1.3%. China’s...

FURTHER GAINS FOR GLOBAL MARKETS WITH EUROPE LEADING THE WAY Stock markets experienced solid gains in January, despite late-month volatility. The Dow Jones Industrial Average rose by 4.7%, the S&P 500 advanced by 2.8%, and the Nasdaq Composite gained 1.6%....

WEAK END TO YEAR OF US LARGE-CAP EQUITY DOMINANCE “BITCOIN MORE THAN DOUBLED, WHILE GOLD SHONE AS A SAFE HAVEN, RECORDING ITS STRONGEST ANNUAL GAIN SINCE 2010” 2024 delivered another impressive year for asset returns, buoyed by stronger than expected economic growth...

US EQUITIES AND CRYPTO ASSETS SURGE ON TRUMP VICTORY US equity markets continued to rally in November, with the S&P 500 posting its strongest monthly performance this year, gaining 5.7% and surpassing the 6,000 index level. The rally was fuelled by several...

EQUITY AND BOND MARKETS DROP ON US ELECTION JITTERS Stock markets retreated in the second half of October in anticipation of the US elections. In the closing days of the month, the decline was exacerbated by earnings disappointments from...