Global equities were largely positive in the second quarter of the year, rising by 4.1%, with performance spearheaded by US tech companies. Developed market economies generally outperformed their emerging market equivalents, with China struggling over the period. The Bank of England (BoE) and the European Central Bank (ECB) continued to raise interest rates, as inflation proved stickier than originally forecast, but the US Federal Reserve (Fed) elected to hold rates at their June meeting.
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