Potentially moving away from a hard economic landing

This monthly commentary gives a round-up of global markets and trends.

In this edition:

• Global stock markets have rallied on hopes that central banks have raised interest rates sufficiently to tame inflation
• China’s reopening and better economic data from the US have reduced the odds of a global recession
• Investors are increasingly optimistic, taking money out of cash deposits and putting it to work in riskier assets
• Risks remain, with higher interest rates and geopolitical tensions likely to create uncertainty in the months ahead