Monthly markets review - July 2017

A look back on markets in July, when emerging market equities outperformed their developed market counterparts.

04/08/2017
Hot-air-balloon-inflated-taking-off
Read full reportMonthly markets review July 2017
6 pages126 KB
  • Global equity markets advanced in July. Prevailing trends in economic data continued, easing pressure on major central banks to alter policy trajectory.
  • Despite ongoing political uncertainty in the US, the S&P 500 rose over the month amid supportive macroeconomic data, a robust start to the quarterly reporting season and further weakness in the dollar.
  • Eurozone equities made narrow gains. Economic data remained positive but a stronger euro capped equity market progress.
  • The UK’s FTSE All-Share index rose in July. Resources and financial sectors led the market higher, with resources sectors benefiting from higher commodity prices.
  • Japanese equities managed to eke out a positive return despite the yen strengthening late in the month.
  • Emerging markets recorded a robust return, with dollar weakness a tailwind. Continued improvement in the outlook for global growth aided risk appetite.
  • In bond markets, the late-June selloff initially continued in July but came to a halt as expectations of a more hawkish shift among central banks were reined in. Yields for US 10-year Treasuries were little changed over the month.
Read full reportMonthly markets review July 2017
6 pages126 KB

Topics

Follow us

Schroder International Selection Fund is referred to as Schroder ISF throughout this website.

For illustrative purposes only and does not constitute a recommendation to invest in the above-mentioned security / sector / country.

© Copyright 2020 Schroder Investment Management (Europe) S.A., German Branch is subject to the Luxembourg law dated 17 December 2010.