Markets

Monthly markets review - February 2015

February 2015 was a bullish month for Global markets as investors feasted on falling oil prices, the ECB’s unprecedented liquidity injection into the euro zone, and fought back having initially feared the fallout of Greece’s election result.

04/03/2015

An overview of markets in February 2015, when equities were boosted by a recovery in oil prices and receding worries over Greece.

Global

Global equities delivered positive returns in February, helped by a rebound in oil prices, better economic data from Europe and an easing of concerns over Greece.

US

US equities gained although economic releases were mixed. Investors focused on stronger real wage growth figures, which added to optimism that the economic recovery can regain momentum.

Eurozone

Eurozone equities were boosted by improving data releases and optimism ahead of the start of the European Central Bank’s (ECB) quantitative easing programme. In the UK, the FTSE 100 surpassed its previous closing peak.

Japan

Japanese stocks gained strongly though economic data was mixed with strong industrial production figures but weak consumption data.

Emerging markets

Emerging markets made positive returns but lagged developed markets. Russian equities were strong as oil prices recovered and a ceasefire agreement was reached in Ukraine. Turkey lagged due to concern over the independence of the central bank.