In the markets
- While markets do not appear to be pricing in the uncertainties surrounding Trump’s presidency, the same cannot be said for euro assets, which were generally the laggards over the month as a variety of political risks weighed on market sentiment
- Elsewhere, Asia and emerging market equities also continued to benefit from the positive market sentiment over the month. Credit and high yield bonds also did well, while solid returns for government bonds and precious metals reflected investors’ desire for quality and safety
- The US dollar finished the month strongly, as market expectations shifted towards a sharper reduction in accommodative monetary policy from the US Federal Reserve (Fed)
Chart of the month
In this month’s chart of the month, we highlight the increased spread between 10-year German bund yields and 10-year French OATs (Government Bonds).
Read March’s market and economic update
Our full market and economic update explores the above topics in further detail. You can read it here today.
The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested.
Past performance is not a reliable indication of future returns. This does not constitute a personal recommendation to invest. If you are in doubt as to the suitability of an investment please contact one of our advisers.