April Market Digest 2024

Below are some key highlights from what happened in markets in April 2024:

• Most asset classes fell slightly, after strong performance in the first quarter of 2024.
• All major Western central banks held rates level, as expected, but the Bank of England and European Central Bank look to be approaching a rate cut as inflation moves closer to target. In comparison, the US has experienced some inflationary setbacks.
• UK equities outperformed other markets as higher oil prices helped fossil fuel producers, like BP and Shell.

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