Global equity markets have staged a recovery during the first quarter of 2019 based on a continuation of low interest rates combined with low inflation, relatively good corporate news and ongoing prospects for a reasonable outcome to the trade negotiations between the world’s largest economies, the USA and China. Given this backdrop, we remain comfortable with the level of both global equity and fixed interest markets.
In the UK, the Brexit situation clearly remains as uncertain as ever, representing a continuing economic cost. From an equity investor’s point of view, many UK companies continue to derive much of their profit from activities overseas which has insulated them from domestic issues, supporting share prices.
Budget 2024