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Markets were up across the board last week as a combination of strong corporate earnings results and an
increase in business activity boosted investor sentiment.

Markets faced continued ressure last week with China the only major stock market out of five ending the week higher. Stocks struggled particularly in the US and Japan as tensions in the Middle East continued to spook investors.

Markets faced pressure again last week with major stock markets in the US, China and Europe falling. The main focus of the week was over inflation data released in the US and China which disappointed investors. The UK and Japan held up better, delivering the strongest performance of the week out of major stock markets.

Markets were broadly down over the last week as heightened geopolitical tensions and uncertainty about
the US Federal Reserve’s interest rate policy trajectory weighed on global equities.

Japan, the US and the UK led major stock markets last week after positive noise over future interest rate policy. Japan increased interest rates for the first time since 2007. In the US and UK, central banks continued to signal to investors that interest rate cuts could soon be on the horizon.

Market returns were mixed over the last week as prices of goods and services stopped falling in China for the first time in half a year. Whilst Japan narrowly avoided a technical recession, the UK economy shows signs of a recovery from its recession experienced in the second half of 2023.