Markets fall on US economic weakness

Global equity markets tumbled as investors digested weaker-than-expected US jobs data and subsequent fears that the US is slipping into recession.

Key highlights

US jobs market data came in weaker than expected and stocks have fallen as a result.
The negative reaction has bled into other equity markets, such as Japan, which seen its largest one day fall in a decade.
We hold an underweight position to US equities which has mitigated some losses.
It’s important for investors to stay calm and stay invested as stock markets have always recovered from exacerbated weakness.