Global stocks rose further in March, though more modestly than in February. While an earlier than expected Fed rate hike and Trump’s failure to pass healthcare reforms dented investor confidence, sentiment was supported by continued solid global economic reports and failure of the far-right parties to gain power in the Dutch national election. The outlook for
Global equities made further gains in February, still buoyed by signs of an improving economic outlook and limited upside pressure on bond yields and the US dollar. While the longer-term outlook remains encouraging, however, equity markets look over extended in the short-run and could pull back once the extent of US President Trump’s fiscal stimulus
After solid gains in recent months, both US bond yields and the $US consolidated somewhat in January, in part reflecting concerns with Donald Trump’s trade-protectionist stance. That said, equity markets continued to focus on the potential positives of a Trump Presidency, while the weaker $US also helped boost gold prices. Read the full Market Outlook for
Contrary to initial fears, global markets celebrated Donald Trump’s surprise US Presidential victory in November, with focus quickly turning to his advocacy of growth-boosting fiscal stimulus. Accordingly, the month was dominated by “Trump trades”, with equities, bond yields and the US dollar rising, while gold reeled backward.
Rising bond yields, a mixed US earnings reporting season and US Presidential election uncertainty contributed to a soft month for risk markets in October. Our decision last month to move underweight bonds and listed property proved fortuitous given the weakness both asset classes exhibited last month. Click here to read the Global Market Outlook for November
Global equity markets inched cautiously ahead in September, somewhat heartened by the fact that the United States Federal Reserve baulked at raising interest rates at its key meeting. That said, growing fear of Fed tightening saw equity market “bond proxies” such as listed property underperform. Click here to download the BetaShares Global Market Outlook: October
Solid US economic data and hawkish rhetoric from several Federal Reserve members saw markets last month start to fear re-commencement of US official interest rates hikes. Whether the Fed hikes rates or not in coming months, a key emerging investment theme nonetheless is a maturing in America’s expansion due to diminished spare labour market capacity. In
Optimism related to post-Brexit central bank stimulus continued to buoy global equities in July, even though oil prices slumped and initial central bank actions proved disappointing. Other supportive factors were a reassuring bounce-back in US employment growth, a relatively benign US earnings reporting season to date, and continued cautiousness from the Fed over when it
Global equities were weaker in June, largely reflecting a sharp two day reaction to the surprise Brexit decision that had been only partly recovered by month-end. US equities held up relatively well compared to those in Europe and Japan – the latter also hurt by Yen strength. Commodities and the $A were also firmer in
Risk markets strengthened further in May, helped by a rise in oil prices, signs of a Q2 rebound in US economic growth and apparent growing comfort with the idea the Fed may raise US interest rates in coming months.