Market Commentary

April 2019

 

Global Equity Markets
Global stocks rose in March as investors welcomed a more accommodative stance from major central banks that buoyed the market amid a period of weak economic data. The concerns from a US Treasury yield curve inversion weighed onto sentiment and resulted in selloffs for the last week of March. Oil prices benefited from a US Federal Reserve (Fed) dovish shift as it held interest rates steady at its most recent Federal Open Market Committee, reigniting bets on monetary policy support for growth.

Asia Pacific Equity Markets
Asian stocks underperformed their global peers in the month of March. The month saw the US Federal Reserve (Fed) keeping interest rates unchanged with a dovish outlook which benefitted oil prices. Despite progress in over positive developments to US-China talks, concerns from a US Treasury yield curve inversion weighed onto sentiment and resulted in selloffs in the last week. Australia and Japan underperformed, lagging behind their emerging market regional peers.

Asia (excluding Japan) Equity Markets
Stocks in Asia ex-Japan outperformed in the month of March, with help from accommodative monetary policy guidance around the region, optimistic sentiment from progress in US-China talks. The concerns from a US Treasury yield curve inversion weighed onto sentiment and resulted in selloffs. Oil prices benefited from a US Federal Reserve (Fed) turning dovish as it held interest rates steady.

 

April 2019
March 2019
February 2019
February 2019
January 2019

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