03 May 2024
Welcome to our May edition of “Market Perspectives”, the monthly investment strategy update from Barclays Private Bank.
In our regular chapters below, we contrast the outperformance of currencies and commodities this year with the raging bull market in equities. As a more hawkish US central bank signals fewer, if any, rate cuts in 2024, can equities keep defying gravity for much longer?
Turning to bonds, shifting expectations around US rate cuts will be crucial to how much more yields climb. In the run up to the presidential election, the so-called term premium could play a bigger role.
Finally, as extreme weather events proliferate and the world hots up, our latest sustainability chapter looks at how investors might try to limit the effect of climate-change risks on their portfolios.
As always, we hope you enjoy the articles, and we thank you for entrusting us with your investments.
Jean-Damien Marie,
Head of Investments, Private Bank
What do commodity markets tell us about the economic landscape and the outlook for equities?
Our Head of Fixed Income Strategy takes a look at higher term premium, and the relationship (or not) with higher yields and rates.
Discover what’s really happening to US prices, the latest on the gold price, why a resilient jobs market matters and the impact of inflation on equities.
In an era of higher interest rates and poorer economic growth prospects, what are the risks and rewards of investing in private equity?
As the planet hots up and extreme weather events mushroom, what can investors do to limit the impact of physical climate risks on portfolio valuations?
After many false dawns, has Japan’s economy and stock market really roared back to life?
As many equity markets hit fresh highs, is it still a good time to invest?
What’s the outlook for asset classes in the near term?
As international investors dial back on the number and timing of rate cuts pencilled in for this year, what does this mean for Indian markets?
