Recent losses have intensified as stock markets around the world endured one of their toughest weeks of the year so far. With investors focusing once again on central bank attempts to curb rampant inflation, this week’s key events were policy decisions from the United States Federal Reserve, the European Central Bank (ECB) and the Bank of England (BoE) – in each case, however, officials offered little in the way of positive news.

As the economy recovers and cyclical stocks begin to outperform, we look at the connection between equities and US Treasury yields.

"For many UK households, the experience of Covid-19 is highlighting a lack of financial resilience and a need to do things differently in the future. There is evidence of a silver lining, with the pandemic leading many to re-think their focus on financial priorities"