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2-Minute Market Update: August 2022

By Niche, 3rd Aug 2022
2 min read

Aled Phillips, Chartered Financial Planner and Operations Director at Niche, has provided his latest update on the financial markets:

“It's been a very turbulent start to the year with pretty much every asset class apart from commodities producing negative returns. Bonds, which have traditionally been relative safe havens in times of market volatility, have particularly suffered. This has resulted in large falls in low-risk portfolios, as they are particularly sensitive to changes in inflation and interest rates.

Economic news in recent months continued to deteriorate with recessionary risks growing in both the US and Europe, while central banks continued to hike interest rates with continued rising inflation.

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Despite this it’s been a particularly good month for global equities which were up 7.1% (North America up 9.2% and European stocks up 5.2%). However, China’s growth outlook soured, and Chinese stocks fell by 9.4%. This suggests that a lot of the bad news had already been priced in, and with many inflationary indicators now starting to improve, as well as better that expected company earnings in July, things are starting to look far more positive.

Many leading analysts now feel that inflation will get back to low single digits in percentage terms by 2023. The good news is that the second half of the year is expected to be better, as inflationary pressures are expected to fall, but with many uncertainties still present it will still be a choppy ride.”

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The contents of this article do not constitute financial advice in any way; if you have any concerns about your finances you should talk to your financial adviser. The value of your investments can go down as well as up.

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