Review of markets over April 2019
After a strong first quarter, risk assets continued their rally in April. Equity markets climbed across the regions, while high yield spreads narrowed further. This year’s rebound has been driven by accommodative central banks, the expectation of a recovery in Chinese growth, and the anticipation of a resolution to Sino-American trade negotiations. Further support for the markets came from a solid start to the Q1 US earnings season.