Monthly Market Summary: July 2018

Thursday, August 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

Market rallied across the board, with major equity indices showing stellar returns across the world. However there are rising concerns that the depth of the market is narrowing, with small and mid caps showing divergent performance.

 

Fixed Income

The 10Y G-Sec corrected over July, falling from near 8 per cent to 7.8 per cent. Rising oil prices, a depreciating rupee and fiscal concerns are putting a cloud on the Indian macro story.

 

Gold

Although it has fallen further in July, 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 stayed relatively range-bound in July. 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 was stable against most major currencies but appreciated sharply against the Yen. 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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