Equity and commodity markets
The following chart shows the returns on a range of international stock markets and commodities in the first quarter of 2015.
- The Euro markets, Germany, Italy, France and Netherlands, dominate the top of the performance chart this last quater.
- At the bottom are the commodities (gold, oill and platinum), and US stocks.
The following chart shows a sample of currency moves against the British pound in 2015 1Q. For example, the British pound strengthened 14.5% against the Brazilean Real, and fell 8.8% against the Russian Ruble.
Equity and commodity markets (sterling)
The following chart shows the returns on the same markets as in the first chart, but this time in sterling terms (i.e. showing the currency-adjusted returns for a UK investor). The order of the markets has been kept the same as in the first chart, to highlight the effect of the currency moves.
- Over the first quarter sterling strengthened against the Euro (thus diminishing the effective returns from Euro markets), and weakened against the US dollar.
- A major positive impact for UK investors was the weakness of sterling against the ruble which boosted returns on Russian equity exposure.
- Conversely, the weakness of the Brazilian Real acted to reduce returns on Brazil equities.
- While oil fell 4.0% in dollar terms in the quarter, UK investors saw a small positive return of 0.8%.
Equity and commodity markets (dollar)
The following chart shows the returns on the same markets as in the first chart, but this time in US dollar terms (i.e. showing the currency-adjusted returns for a US investor).