Market Wrap

Each month we publish Market Wrap, a summary of the previous month’s economic highlights.

Economic Overview May 2021

Overall news flow remained supportive of risk assets including equities and credit and enabled most major share markets to make positive progress.

  • Technology stocks tended to underperform, drifting lower from recent all-time highs. The technology-heavy NASDAQ in the US closed the month lower.
  • Bond yields were little changed in key regions, meaning returns from fixed income markets were close to neutral.
  • May saw an increase in volatility in cryptocurrencies. Bitcoin had risen above US$63,000 in April, for example, but closed May more than 40% below this peak.

Read more in Market Wrap May 2021