- With global markets close to post-Ukraine war highs, we remain neutral on global equities.
- In the UK, the Bank of England is the outlier for now, raising interest rates by a further 0.25% but alluding to the possibility of an easier trajectory of rate increases as growth slows due to the economic impact of the war in Ukraine.
- At present, almost all scenarios for the outcome of the war in Ukraine appear to leave Russia largely isolated from the world economy over the medium-term and possibly until there has been change of regime.
For further details see:
Global Strategic Insight: Still Neutral On Global Equities, With Caveats