Market Update

Executive Summary  Markets became more cautious in September as the prolonged Iran conflict pushed oil prices higher and revived concerns about inflation and interest rates. The Bank of England held Bank Rate at 3.75%, while the Federal Reserve unexpectedly raised [...]

Executive Summary Global equity markets continued to perform reasonably well through August, despite renewed geopolitical tensions at the end of the month. The Iran war remains the dominant external risk, with renewed fighting at the end of August pushing Brent [...]

 Executive Summary  Global markets continued to recover during July as investors looked beyond geopolitical headlines and focused once again on economic fundamentals. Andy Burnham became the UK's new Prime Minister, with financial markets reacting positively to the prospect of policy [...]

Executive Summary • Markets became noticeably calmer during June despite continued geopolitical uncertainty. • Oil prices fell significantly from their spring highs as hopes of a lasting ceasefire between the United States and Iran improved sentiment. • Prime Minister Keir [...]

Executive Summary The Iran war remains the dominant driver of global markets, with energy prices, inflation expectations and central bank policy all heavily influenced by developments in the Middle East. Oil prices remain elevated and highly volatile as markets continue [...]

Executive Summary  The Iran war has become the dominant global macro driver, triggering the largest oil supply shock in decades. • Oil prices have been volatile, spiking sharply before falling on ceasefire hopes — butremaining structurally elevated. • Central banks now [...]