image image

Multi-asset chart of the week

Multi Asset chart of the week

14 April 2026 Multi-asset
Week to 17 April 2026

Despite the Iran war, global equity indices continue to have strong, positive earnings revisions

Stephanie Chan, CFA, Portfolio Manager, said: “Earnings revisions across global equity indices, including the MSCI World Index and the MSCI Emerging Market Index, have remained positive over the past 3 and 6 months despite the ongoing Iran War. The earnings revisions have also generally been more positive compared to recent history. The resilient earnings backdrop helps to support a generally constructive outlook despite the recent market volatility. Fundamentals remain stable across regions and private-sector balance sheets remain healthy for now. Risks around inflation and growth will increase, however, the longer the Strait of Hormuz remains closed.”

15_April.jpg

Source: Insight Investment, Bloomberg as at 14 April 2026.

Week to 03 April 2026

March was a volatile month across asset classes

Stephanie Chan, CFA, Portfolio Manager, said: “Since the Iran war started at the end of February, US equities have fallen by 5% and global developed equities outside the US have fallen by 10%. Commodities, meanwhile, have risen 11%, with the price of crude oil up more than 60%. Due to the supply shock in oil and natural gas, the war has driven a sharp increase in energy prices. The uncertainty over the duration of the war has further stoked fears of elevated inflation and a negative impact on growth globally.”

COW-03-04-2026.png

Source: Insight Investment, Bloomberg as at 31 March 2026.

Back to top