Lone man with mask representing Coronavirus distancing

Our Weekly Podcast and Market Overview from Quilter Cheviot

REFOCUSING ON THE VIRUS

By Alan McIntosh, Chief Investment Strategist

“The end of July provided a useful time to look back on market performance. Stock markets were mostly up over the month, with US shares putting in another reasonable month and European shares largely flat. Chinese shares were the standout performer though, up by just under 13%. One wonders whether it is worth quoting the action in fixed income markets, with 10 year yields in both the US and UK continuing their descent into almost irrelevant levels of return.

Away from stocks and bonds, however, one of the major news stories in July concerned the US dollar, which had its worst month since 2010. As fear around the global economic impact of Covid-19 recedes, investors have generally felt better about exchanging their favourite safe haven currency (dollars) for the money of riskier countries. Combine that with falling US interest rates and doubts around American success in suppressing the virus, and you have a recipe for a falling dollar… read more…

Weekly podcast: Markets Uncut

“Join Sebastian Scott, Richard Carter and Robert Wilson as they discuss the rise in coronavirus cases and what this means for the economy with Rob contributing his thoughts on where investors can find alternative income…”