Equity and commodity markets
The following chart shows the returns on a range of international stock markets and commodities in the second quarter of 2015.
- The Euro markets, Germany, Italy, France and Netherlands, after a strong first quarter all saw negative returns in the second quarter.
- Apart from India, a strong quarter for the BRICs.
- A weak quarter for metals.
- Despite falling back steadily in May and June, the strongest performer here was Brent Oil on the back of a very strong April.
The following chart shows a sample of currency moves against the British pound in 2Q 2015. For example, the British pound strengthened 5.8% against the US Dollar, and 1.0% against the Russian Ruble.
As can be seen, in the last quarter sterling strengthened against all currencies in this sample.
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).
- Over the second quarter UK investors saw their returns on international markets pared back due to the strength of sterling. (In fact, of the 22 sample markets here, UK investors would have seen positive returns in only four.)
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).