Market Commentary

September 2018

 

Global Equity Markets
Global markets managed to post returns despite a slew of headwinds. Investor concerns over emerging market contagion ratcheted up with worries over Argentina, Turkey’s currency plummeting and other geopolitical issues surfacing with the US. Overall, markets ended the month on a cautious tone as the 10-year US Treasury, 10-year German Bund and UK gilt yields all dropped in tandem.

Asia Pacific Equity Markets
Asia Pacific equities underperformed the global markets in August as investors weighed a strengthening US dollar and no respite to trade issues from the US. Emerging market fears were triggered after Turkey’s currency plummeted and other geopolitical issues surfaced with the US. Markets leaned cautious as the 10-year US Treasury, 10-year German Bund and UK gilt yields all dropped in tandem. Within the region, Australia underperformed while Japan outperformed.

Asia (excluding Japan) Equity Markets
Asia ex-Japan equities underperformed the global benchmark for August. The region remained cautious with a stronger US dollar and an emerging market contagion as a wildcard. Market sentiment on the region weighed down further after the US chose to proceed trade talks with Mexico while leaving issues with China hanging.

 

August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018

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