22 April 2022 – Comment from Steve Clayton, HL Select Fund Manager:
“Stocks were weak overnight in the USA and Asia. Once more Tech shares led the way lower, with the Nasdaq Composite index losing 2% in value, whilst the broader S%P 500 index lost half that much. Tokyo saw the Nikkei index slide 1.6% with a similar fall in Australian stocks. Futures markets are indicating a bumpy start to trading in Europe.
Rising inflation is undermining bond prices – the yield on UK 10 year government bonds has...