NewsCase StudiesEvents

“Risk-Off”, “Gold-On”

Also in the news...

Overcoming Logistics Challenges in International Projects

International industrial projects promise opportunity, but also bring complications. For project leaders, engineers and logistics professionals, the question isn’t whether challenges will arise, but how they’ll be managed. From variable infrastructure to customs compliance, successful delivery across borders requires foresight, flexibility and the right partners.

Switzerland: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Switzerland.

UK lands trade deal with South Korea to boost jobs and exports

UK lands momentous trade deal with South Korea to boost jobs and exports

New laws bring the world of work into the 21st century

Over 15 million people across the UK are expected to benefit as the Employment Rights Act receives Royal Assent.

Brilliant Borders: Kenya's Customs goes digital

A new app will save time and money for big businesses and small traders alike, as a longstanding Kenya-UK partnership further improves cross-border trade.

“Risk-Off”, “Gold-On”

Back to News

When the risk appetite of investors is tapered due to changing market sentiment, they choose ‘flight to quality’ investments such as safe-haven-assets, such as Gold, to protect their investment portfolio against further losses. A move that has long been as visible as during the month of May, 2019.

The Main Markets

Stock markets ended the month discernibly lower across the globe with their worst monthly return since December 2018. Average global stock returns at end of May:

  • US Tech -9%
  • Japan -8%
  • EM -8%
  • US S&P 500 -6%
  • Europe -6%
  • China -6%

The US-China Trade War is continuing and additionally we have been taken by surprise by the announcement of the US planning to impose tariffs on Mexico in the coming weeks resulting in yet a further downturn in the market. May also marked a price fall in commodities, led by oil which dropped 8% on a week and a cumulative of 15% over the month of May. Since the financial crisis, the 3m/10y yield curve is the most negative at -20bps. This is contrary to the 2m/10y curve which, despite falling yields, in fact steepened last week with the news that it is highly likely that the Fed will indeed impose further rate cuts (near to 100% probability) despite their dovish stance a few months ago.



You are not logged in!

Please login or register to ask our experts a question.

Login now or register.