Market Overview – August 2019

Market Overview – August 2019

Global equity markets fell substantially in August, as investors were left to deal with a plethora of negative news. The trade war between the US and China continued to escalate, Brexit uncertainties multiplied after UK PM Boris Johnson suspended parliament, Germany began showing plausible signs of an imminent recession and an inversion in the US […]

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Market Overview – July 2019

Market Overview – July 2019

Global equity markets were mixed in July, buoyed during the run up to the US Fed cutting rates by 0.25%, but subsequently muted by the Fed’s more hawkish stance regarding further reductions. Adding to this depressed sentiment late in the month was the unproductive conclusion of the much-anticipated US-China trade talks, the likelihood of a […]

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Market Overview – June 2019

Market Overview – June 2019

Global equity markets were broadly stronger in June, buoyed by the prospect of a positive outcome from the trade negotiations between the US and China at the G20 Summit, and the possibility of interest rate cuts coming out of the US and Europe. Global risk sentiment was muted for the month, boosting appetite for emerging […]

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Market Overview – May 2019

Market Overview – May 2019

Global equity markets suffered a broad-based downturn in May following a new bout of tariff increases in the US-China trade war, exacerbated by growing concerns over the impact it will have on global growth. In the UK, Prime Minister Theresa May’s failure to successfully negotiate Brexit led to her forced resignation. Meanwhile, signs of an […]

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Market Overview – April 2019

Market Overview – April 2019

Global equity markets recorded healthy gains in April, as positive investor sentiment (largely arising from the easier global monetary outlook) outweighed renewed concerns over a slowdown in global growth. The IMF revised its 2019 global growth forecast down to 3.3% from 3.5% previously, citing the decelerating US and EU economies, as well as ongoing trade […]

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Market Overview – March 2019

Market Overview – March 2019

Global equity and bond markets were broadly positive in March, buoyed by the US Federal Reserve’s easier interest rate stance that put the brakes on further interest rate hikes for the remainder of 2019. Developed markets outperformed emerging markets, shrugging off concerns over a contraction in global growth and political uncertainty in Europe. In Europe, […]

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Market Overview – February 2019

Market Overview – February 2019

Amid growing signs of a global growth slowdown, financial markets were cheered in February by several positive developments that left developed equity markets with solid gains and the US dollar stronger. Emerging market assets, in contrast, saw largely lacklustre returns, although South African equities benefited from stronger offshore-focused Resource and Industrial shares during the month […]

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Market overview – January 2019

Market overview – January 2019

Global equity markets started the year on a strong note, with all major equity indices ending January in positive territory. South Africa also posted positive returns for the month, supported by stronger Financials and Resources sectors. The US Federal Reserve’s decision to keep interest rates unchanged over the near term, coupled with the reported imminent […]

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Market Overview – December 2018

Market Overview – December 2018

Global equity markets closed the month significantly weaker after an exceptionally volatile December on the back of sharp equity declines in the US and an investor flight to safety. Not only was it the weakest December for US equities since the 1931 Great Depression, but the market also recorded its highest-ever one-day gain. Disappointing changes […]

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Market Overview – November 2018

Market Overview – November 2018

Global equity markets reversed some of their losses in the last week of November following renewed optimism towards risk assets. News that the US would hold off imposing further tariff increases on Chinese imports for 90 days was arguably the primary driver behind investor sentiment, coupled with the prospect of the US Federal Reserve possibly […]

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