Global equity markets rose for the fourth consecutive month in April, as the S&P 500 recorded a new high for the first time since last September.
Risk assets continued to perform well in March, buoyed by optimism on trade negotiations between the U.S. and China and a dovish pivot from the Federal Reserve
Global equities continued to advance last month as positive news kept investor sentiment “risk-on”.
Last month we said that a number of issues, such as the US/China trade deal, the pace of interest rate rises and the avoidance of a no-deal Brexit, could be resolved early in 2019
Relief over the temporary US-China trade proved short lived as anxieties about tightening monetary policies, slowing global growth and geopolitical uncertainty took hold in December.
November began with US mid-term election results coming in as expected