Global shares continued to sell-off in March, bringing the MSCI World Index down a further – 2.4%. The Index is now down -6.6% since 1 February 2018 and down – 1.7% since the beginning of the year. Notwithstanding this, on balance, sentiment remains cautiously positive, although markets are skittish.Why Global Equities Fell in February – The Trump Trade Grenade
In February, investor concerns focussed entirely on rising interest rates (and they are still a concern!) However, this was not a topic that raised new concerns for equity markets in February – the yield on the 10 year US treasury bond ended the month at 2.75%, lower than last month’s yield of 2.85%.