Monthly Market Summary: May 2018

Saturday, June 2nd, 2018

We look at returns of various asset classes such as equity, debt, gold, crude oil and the Indian rupee in our latest monthly market summary.

 

We use data for these charts from Investing.com

 

Global Equities

Monthly Market Summary

With the exception of the US markets, broader markets corrected in May. The last one year returns have also moderated across the board.

 

Fixed Income

The 10Y G-Sec continued to trade higher on concerns on the macro environment. Rising oil prices, a depreciating rupee and fiscal concerns are putting a cloud on the Indian macro story.

 

Gold

Gold continues to trade in the 1200-1400 dollars per ounce range. A strong move of gold outside of this range would give a better indication of its long term trend.

 

Oil

Oil continued its move up in May, reaching about 80 dollars a barrel but corrected modestly towards the end of the month. It appears that this commodity now breaking out on the higher side. Because of our large dependance on oil imports, it is important to keep an eye on this figure as it can have a destabilising effect on our macros.

 

Indian Rupee


The Rupee depreciated against the Dollar but appreciated strongly against the pound and the Euro in May. This is a reflection of global trends of a strong dollar.

 

 


About the author

Rishad is the founder of Kairos Capital. He started his career with Standard Chartered Wealth Management and has extensive experience in markets, particularly in terms of mutual funds and stocks.

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