Relatively few Halloween scares October 2017 market update
Relatively few Halloween scares October 2017 market update
What happened in the markets?
Accommodative monetary policy and solid global growth data continued to provide a positive environment for company earnings and equity markets, with a number of markets reaching fresh highs in October.
- All developed equity markets were in positive territory over the month and notably the US equity market (S&P 500) has now produced positive returns in all ten months so far this year – a first, in 90 years of data
- However, the standout performers in October were Asian and Emerging Market equities, particularly Japanese equities, which reacted positively to Prime Minister Abe’s Lower House election victory and the expectation that this will result in continued market-friendly policies
- Commodity prices were also notably strong in October, led by the energy and industrial metals sectors. Fixed income market returns were firmer. This was despite volatility in the month primarily linked to Catalonia, and market speculation surrounding US tax reforms and who the next Chair of the US Federal Reserve will be
We hope you have found this update helpful. Please do get in touch on 020 7189 2400 or email contact@tilney.co.uk if you have any queries or would like more information.
Disclaimer
This article was previously published on Tilney prior to the launch of Evelyn Partners.