Archived article: This article was correct at the time of publishing. Tax, investments and pension rules can change over time so the information below may not be current.

April market update – continued positive momentum

Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of April 2019.

Centre Chris Godding
10 May 2019

Global equity markets continued their positive momentum in April after a good first quarter for market returns. The dovish policy pivots by most global Central banks – reflecting global growth concerns, a positive start to earnings season and an apparent thawing of trade tensions between the US and China – have all been supportive of the market rally and subdued volatility so far in 2019.

What happened in the markets?

  • US equity markets rose to fresh highs in April, while European banks were notably strong over the month as bond yields rose
  • The rise in bond yields resulted in negative monthly total returns for core government bonds, with UK gilts notably weak on stronger domestic data
  • Credit markets performed better, particularly higher beta credit, highlighting the positive market conditions for risk assets and higher energy prices


Read our market commentary


We hope you have found this update helpful. Please do get in touch on 020 7189 2400 if you have any queries or would like more information.