Monthly viewpoint

Monthly Markets Review

09/11/2017

Highlights:

  • Global equities made further progress in October. Several major indices set new record highs, while volatility reached an historic low.
  • US equities were supported by economic data that remained positive despite the disruption caused by hurricanes Harvey and Irma. The technology sector was buoyed by strong results.
  • Eurozone equities gained. The economic backdrop remained encouraging and the central bank announced that quantitative easing will be extended to September 2018 but the pace of purchases would be reduced.
  • In the UK, resources sectors led the market higher as Chinese macroeconomic data remained supportive and crude oil prices continued to rebound.
  • In Japan, the TOPIX advanced as investors reacted positively to Prime Minister Abe’s general election victory late in the month.
  • Emerging markets posted a strong return with ongoing strength in global growth proving supportive. South Korea and Taiwan performed well with technology stocks registering robust gains.
  • US yields edged higher on growing expectations of progress toward fiscal reform, while Bunds dropped as the European Central Bank announced tapering of bond purchases.

For Accredited Investors Only. This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument and is not intended to provide and should not be relied upon for accounting, legal or tax advice, or investment recommendations.

The information in this market outlook is derived from sources which we consider to be reliable. However, it may not in all cases be verified independently and we do not attest to its completeness or accuracy. No responsibility can be accepted for errors of fact or opinion. Forecasts may be the consensus of extremely divergent possibilities and the full range of potential outcomes should be appreciated. No representation or warranty is made that any value (or proximity to) any value, return or forecast will be achieved. The opinions expressed are those of employees of Schroder & Co. (Asia) Limited, and reflect their judgement at this date and are subject to change. Reliance should not be placed on the views and information in this market outlook when taking individual investment and/or strategic decisions. 

No part of this document may be reproduced in any manner without the prior written permission of Schroder & Co. (Asia) Limited.