Market Commentaries

Below you will find our latest set of Monthly Market Commentaries covering a summary of the major investment markets and their respective returns within the period covered.

Affinity Market Commentary September 2020

Technology profit-taking hits US equities After a sustained rally, US equities ran out of steam in September, with the S&P 500 Index falling by almost 4%. A major feature of the hiatus was technology stocks, which have been the driving force behind the positive...

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Affinity Market Commentary August 2020

Technology drives the US market higher US equities enjoyed another strong month in August, despite weak jobs data. Although there was some evidence of the rally broadening to other parts of the market, technology remained firmly in the driving seat, with Apple’s...

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Affinity Market Commentary July 2020

Economic data reverses gains in Europe                                                                                                                                                                                                  The EU member states’ agreement on...

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Market Commentary June 2020

Equity markets close second quarter strongly. June saw a continuation of the second quarter rally in global equities, with most markets turning a third successive month of gains. Investors, emboldened by the prospect of further central bank support if the global...

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Market Commentary – March 2020

Markets crash as investors fear global GDP impact of Covid-19 Whilst February saw investors focusing on the disruption to supply chains from China, in March, attention was turned to the economic effect of mass unemployment caused by the compulsory closure of retailers...

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Market Commentary – December 2019

Global equities strong into the year end Equities around the world ended 2019 on a positive note, after a year of strong double-digit returns from most markets, and expectations of low interest rates and a resolution to the Sino-US trade dispute early in the new year....

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Market Commentary – November 2019

Bond yields drift higher on calmer outlook After the rush to risk-off and the fall in bond yields seen in August, investors have continued to take comfort from US data, which appeared to show the economy still performing relatively well. Sovereign bond yields rose...

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Market Commentary – October 2019

Bond yields rise again amid global bond sell-off Bond yields across the globe rose during October, as investors were concerned over possible bond sales to fund economic stimulus packages. Korean bonds saw their worst monthly fall in three years. Another rate cut from...

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Market Commentary – September 2019

Bond yields bounce on calmer outlook After the rush to risk-off and the fall in bond yields seen in August, investors took comfort from US data, which appeared to show the economy still performing relatively well. Sovereign bond yields rose across most of the world as...

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Market Commentary – August 2019

Bond yields continue to fall July’s quarter-point rate cut from the Federal reserve was fully anticipated, but over August, US bond yields moved to reflect the expectation of a further half point to come. The assumption that the Fed was seeing signs of a US slowdown...

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