Please click on the link below to view our research department's latest monthly market update

Key points raised are :

• March marked a major regime shift which saw geopolitics overwhelm fundamentals across all asset classes.
• Australian equites fell, mirroring global markets with financial and technology stocks hit the hardest.
• Global equities recorded their worst month since 2022, with correlations rising sharply.
• Bonds provided limited protection, as inflation fears pushed yields higher for most of the month.
• Gold disappointed, falling sharply despite geopolitical stress.
• Higher for longer inflation risks returned, markets now reflecting different expectations for rate movements in 2026.