Less Equity, More Serenity: The Great DB Pension Glow-Up

Less Equity, More Serenity: The Great DB Pension Glow-Up – Download Chart of the week

The Market Place – Download Market Data

• Softer labour market data encouraged expectations of a more accommodative Federal Reserve, supporting equities despite continued weakness in parts of the technology sector.
• Markets remained sensitive to political and fiscal credibility, with UK assets largely stable despite a mixed economic backdrop and signs of softer domestic demand. 
• Improving inflation trends and expectations of a less restrictive ECB supported European risk assets despite ongoing geopolitical and trade-related uncertainties.  
• China’s external trade developments increasingly overshadowed domestic economic policy. The yen weakness continued to dominate Japan’s investment outlook Global markets remained resilient despite persistent geopolitical and trade related risks.