Bonds gain over equities as investor confidence cools, says JPMFAM

The JP Morgan Asset Management UK Confidence Survey for May says the number of people that were negative about the performance of the Stock Market increased from 18% in April to 22% last month. Respondents to the survey cited pessimism over economic conditions (27%) fear of falling house prices (18%) and the high price of oil as the main reasons for their lack of confidence. Consumers were also evenly split over the future of interest rates with 19% of positive respondents believing interest rates have peaked and were likely to fall compared to the same number again who thought interest ...