Equity markets continue their positive start to the year

Equity markets remained buoyant over the month, with many of them now into double digit positive returns year to date. US stocks (the S&P 500 and the Nasdaq) reached record highs as investors were reassured by more dovish recent signals coming from the Federal Reserve. The earnings of US companies released over the latter part of April reflected a mixed bag but in general have been more positive than predicted.

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