|KEY MARKET MOVEMENTS (% change)|
|FTSE All Share||0.66||2.97||6.79||12.44||24.71||2.02||7.67|
|Euro Stoxx 50||0.91||4.92||8.92||18.29||35.12||8.99||10.67|
|MSCI Asia Pac.||0.16||3.73||0.36||6.43||41.87||9.89||15.05|
|MSCI Emerg. Mkts.||0.08||4.23||2.38||7.80||42.38||9.56||13.92|
|Jo’burg All Shares||-0.13||0.75||-0.66||15.65||30.45||8.68||8.28|
|UK Gov’t Bonds||0.91||1.51||0.42||-5.73||-6.77||3.49||2.73|
|US Gov’t Bonds||0.48||1.03||0.90||-2.61||-3.19||4.88||2.35|
|Global Corp. Bonds||0.66||1.45||1.83||-1.17||4.07||6.80||4.80|
|Emerg. Mkt. Local Currency Bonds||0.31||1.50||3.38||-1.75||6.39||4.66||4.34|
Figures in the respective local currencies as at the end of trading on 11/6/2021.
In the US, the consumer price index rose by 5% in May, higher than the 4.7% expected and the 4.2% recorded in April. The increase marked the biggest jump in the index since August 2008. However, markets did not react as had been expected. Although there was a slight increase in yields, these then fell. This has been attributed to the Federal Reserve (Fed) managing fears of inflation, although some investors have yet to be convinced that inflation will only be transitory in nature.
|UK GDP (QoQ)||-1.5||–|
|UK CPI (YoY)||1.5||1.8|
|EU GDP (QoQ)||-0.3||–|
|EU CPI (YoY)||2.0||2.0|
|US GDP (QoQ)||6.4||6.4|
|US CPI (YoY)||5.0||–|
Our property positions continued to benefit from the increasing retail activity and, again in the UK, despite the delays to lockdowns easing, growth in confidence, which should be confirmed in the next set of retail sales numbers.
16 Jun • Fed Interest Rate Decision | 17 Jun • EU Consumer Price Index | 18 Jun • UK Retail Sales
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The value of investments can fall, as well as rise, and you might not get back the original amount invested. Exchange rate changes affect the value of investments. Past performance is not necessarily a guide to future returns. Any individual investment or security mentioned may be included in clients’ portfolios and is referenced for illustrative purposes only, not as a recommendation, not least as it may not be suitable. You should always seek professional advice before making any investment decisions.
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