- Brent crude rose 0.3% after a volatile week to $72.15 a barrel
- US equities reached another historic high
- Gold rose 1% after a rally last Friday
- Strong data from the US whilst Europe disappoints
Imperium Capital Publication
Viewpoint – April 2019
Equity markets made further progress in March, despite a return to higher levels of volatility as concerns about the slowdown in global growth intensified. Developed market equities returned 1.3% over the month, taking the Q1 2019 return to 12.5% and recovering much of the ground lost in Q4 2018. US equities advanced 1.9%, supported by encouraging signs of progress in US-China trade talks and the increasingly accommodative stance of the Federal Reserve. In US dollar terms, Japanese equities underperformed the other major regions returning 0.6% while emerging markets returned 0.8%. Despite ongoing Brexit related uncertainty, the UK was a notable outperformer, up over 3% in sterling terms, with the UK’s big overseas earning companies boosted by weakness in the pound during the month.
Weekly Digest – 15 April2019
- EU granted UK Brexit extension to 31st October 2019
- IMF cut global growth outlook
- Brent crude rallied 1.7%, ending the week at $71.6 per barrel
- Gold prices ended the week flat at $1292 per ounce
Weekly Digest – 8 April2019
- UK has requested a further Brexit extension
- Encouraging signs that a US-China trade deal is in sight
- Brent crude prices rallied 2.9%, ending the week at $70.3 per barrel
- Gold ended the week flat at $1291.7 per ounce
Weekly Digest – 1 April2019
- UK PM May’s Brexit Withdrawal Agreement rejected for a third time
- Q4 US growth revised lower
- Brent crude advanced 2.0%, ending the week at $68.4 per barrel
- Gold prices fell 1.5% to $1293 per ounce