{"id":4707,"date":"2023-05-16T16:37:13","date_gmt":"2023-05-16T14:37:13","guid":{"rendered":"https:\/\/spin.nl\/ongecategoriseerd\/market-developments-april-2023\/"},"modified":"2023-05-16T16:37:13","modified_gmt":"2023-05-16T14:37:13","slug":"market-developments-april-2023","status":"publish","type":"post","link":"https:\/\/spin.nl\/en\/page\/market-developments-april-2023\/","title":{"rendered":"Market Developments April 2023"},"content":{"rendered":"<p><strong>After a troubled March, April saw a return to calm in financial markets. The troubled banking sector in the United States experienced only a small burst at the end of the month after First Republic announced its first quarter figures. These showed that savings deposits had declined by more than $100 billion. Investors were worried for a while and temporarily fled to safe government bonds. Nevertheless, we saw that volatility (the degree to which prices move up and down) declined in April; for example, the VIX index (volatility indicator for equities) registered 15.8 (end of March: 18.7). The results were also limited in the areas of inflation and interest rates.       <\/strong><\/p>\n<p><strong>Shares<\/strong><\/p>\n<p>The MSCI All Countries World Index fell slightly (measured in euros) by 0.2% in April. Within this index, emerging markets did not do so well with a minus of 2.7%; developed markets (+0.1%) stayed closer to home. Among developed markets, Pacific excluding Japan (-1.4%) was again the dissonant and, on the contrary, Europe had the highest return (+2.5%).  <\/p>\n<p>Among emerging markets, it was the EMEA region (+2.3%) and Latin America (+1.1%) that could not prevent other regions (notably Asia: -3.9%) from pulling the broad index into the red.<\/p>\n<p>Energy was the best performing sector; luxury consumer goods and IT were in the rear. In terms of style, we saw that &#8220;growth&#8221; and &#8220;value&#8221; did not differ much. <\/p>\n<p><strong>Bonds<\/strong><\/p>\n<p>The limited movements in the interest rate market were manifested, among other things, by a slight increase for German 10-year rates (up 0.02% to 2.31%). The outcome for Dutch 10-year rates was also limited (up 0.05% to 2.69%). On the contrary, the U.S. saw a small decline for 10-year rates (-0.05% to 3.41%). Risk premiums also barely moved in April. The premium for less risky corporate bonds fell 0.07% to 1.61%. More risky corporate bonds were virtually flat (-0.01% to 5.00%), as were emerging market government bonds (-0.01% to 4.83)%.     <\/p>\n","protected":false},"excerpt":{"rendered":"<p>After a troubled March, April saw a return to calm in financial markets. The troubled banking sector in the United States experienced only a small burst at the end of the month after First Republic announced its first quarter figures. These showed that savings deposits had declined by more than $100 billion. Investors were worried&#8230;<\/p>\n","protected":false},"author":8,"featured_media":4370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[35],"tags":[],"class_list":["post-4707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-page"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Developments April 2023 - Stichting Pensioenfonds IBM Nederland%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spin.nl\/en\/page\/market-developments-april-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Developments April 2023 - Stichting Pensioenfonds IBM Nederland%\" \/>\n<meta property=\"og:description\" content=\"After a troubled March, April saw a return to calm in financial markets. The troubled banking sector in the United States experienced only a small burst at the end of the month after First Republic announced its first quarter figures. These showed that savings deposits had declined by more than $100 billion. 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