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LCP Investment Summary - June 2022
LCP Investment Summary - June 2022

5 July, 2022 by Administrator

Equities Global equity markets fell...

LCP Investment Summary - May 2022
LCP Investment Summary - May 2022

2 June, 2022 by Administrator

Equities Global equity markets fell -1.2%...

LCP Investment Summary - April 2022
LCP Investment Summary - April 2022

5 May, 2022 by Administrator

Equities Global equity markets fell 3.2%...

LCP Investment Summary - March 2022
LCP Investment Summary - March 2022

5 April, 2022 by Administrator

Equities Global equity markets rose 3.7%...

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LCP Investment Summary - September 2021

Posted on 4 October, 2021 by Administrator

LCP Investment Summary - September 2021

Equities

Global equity markets fell 2.0% in September (in € terms), this fall was lessened for the Euro investor as the U.S. Dollar strengthened against the Euro.

It was a mixed month for investors with some markets initially hitting record highs early in the month. However, the possible default of Chinese property developer Evergrande saw sharp markets falls later in the month but the Chinese authorities stepped in to settle nerves to some extent.

The U.S. Federal Reserve hinted at an earlier-than-expected reduction of its bond purchasing programme given the current economic and inflation outlook. This, and comments from both ECB and Bank of England officials hinting at respective interest rate rises, pushed global bond yields sharply higher leading to falls in the share price of many of the larger technology stocks.

 

Bonds
Longer-dated Eurozone bond prices fell 3.5% in September, with the yield on the AAA Eurozone 15+ Year Index rising to 0.16% by month-end. The Euro Broad Sovereign 10+ Year Index fell 2.5% with its yield at 0.76% by month-end.

Eurozone bond yields rose by mid-month with the region’s inflation hitting a near ten-year high. The ECB also hinted at a reduction in its PEPP stimulus programme as well as possible interest rate rises earlier than expected. Yields then rose further after the U.S. Federal Reserve statement towards the end of the month
 

 

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