Global Asset Allocation Team Market Update – April 2023
April 6, 2023 | Market Commentary, Public Markets
Financial markets ended a tumultuous quarter on an upbeat note amid growing speculation that policymakers may have to abandon their tightening plans in response to turmoil in the banking sector. Moreover, the prompt and forceful actions taken by the authorities to limit the damage calmed investor concerns of more widespread contagion across the banking sector and added to investor optimism. Both equity and bond markets generated positive results in March, capping a quarter of solid gains for both asset classes.
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