August Market Digest 2023
In August, most asset classes saw a slight decline as concerns grew about a slowdown in the Chinese economy, leading to negative returns in portfolios.
08 Sep 2023
- UK inflation fell to 6.8%, in July. However, wage growth reached a new high of 7.8% adding some pressure to the Bank of England to consider further interest rate rises.
- Most asset classes experienced as mall pull back in August as investors started to consider the effects of a Chinese economic slowdown.
- Portfolios therefore also generated a negative return over the month.
- Bonds in general held up better than equities over the period, dampening losses for lower risk portfolios.
For more details, please download our full August Market Digest below!
