Milliman Market Monitor London - 31 May 2017
The UK equity market had a strong month, with the FTSE 100 returning 4.9% in May.
Equity markets had a strong positive performance in June. The FTSE 100 gained 4% over the month, reaching the highest year-to-date compared to other months. There were material gains in equity markets globally as the S&P 500 gained 7% during the month. UK government bonds remained flat in June, gaining 0.2%, while corporate bonds enjoyed a 1.5% gain. As fixed income prices continued their rise in June on the back of more accomodative monetary policies,risk free rates saw another decrease at all terms. CPI inflation measure was down by 10 basis points at 2% in May, while RPI remained unchanged at 3%. Volatility decreased slightly across all developed economies as equity markets posted impressive gains in June.