The FTSE All-Share made yet further progress during July, with a total return of just under 4.0% and the FTSE 100 achieved a new all-time high when it soared through 9000 during the month and then went on to breach 9100. During the calendar year to the end of July, the FTSE All-Share has generated a strong total return of 13.4%.

June was an active month for political and economic developments. On the world stage, putting the US first, the disagreement between Elon Musk and President Trump over the latter’s tax-cutting bill continued, while President Trump and President Xi of China talked directly in order to make progress on tariff and trade talks.

A recent article in MoneyWeek highlights how the UK stock market – long out of favour with global investors – might be starting to look more interesting. Fund Manager, Julian Cane, shares his thoughts in the piece, pointing to a few signs that conditions could be turning.