September market update – a challenging month for global banks
September market update – a challenging month for global banks
After a sizzling summer, global equity market returns were much cooler in September, with some investors taking profits on fears of a second wave of Covid-19 cases and market valuation concerns.
In this edition
- Against this backdrop, market returns were weaker across most regions, with the exception of Japanese equities which were marginally positive over the month as Yoshihide Suga became the new Prime Minister
- After outperforming for most of the year, there was a notable pullback in US equity markets in September. As the US dollar strengthened, political tensions increased ahead of November’s presidential election and the technology sector sold off
- The historically more defensive asset classes, such as government bonds, outperformed in the risk-off market environment
We hope you have found this update helpful. Please do get in touch on 020 7189 2400 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.