Global Market Outlook: June 2017 – Tech boom

BY David Bassanese | 7 June 2017
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Technology boom

The MSCI All-Country World Equity Total Return Index rose a further 1.4% in May, after a 1.3% gain in April, to make it seven consecutive monthly increases. Helped by solid underlying earnings growth, declining bond yields and still reasonable price-earnings valuations, the tech-heavy Nasdaq-100 Index posted particularly strong gains. The outlook for equity markets generally remains encouraging, with reasonable and increasingly broad-based global economic growth and persistent low inflation.

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