Capital Ideas

Investment insights from Capital Group

World Markets Review
World Markets Review for third quarter 2019

Global stocks moved sideways, pressured by the worsening U.S.-China trade war and signs of slowing global economic growth. Numerous central banks cut interest rates in a bid to counter the damaging effects of rising tariffs and declining manufacturing activity. Emerging markets stocks experienced the biggest losses, while U.S. and Japanese markets fared considerably better. Bond markets rallied.

Defensive stocks generally outpaced economically sensitive sectors, led by a strong rally among utilities and real estate companies. Consumer staples stocks also posted significant gains. Energy and basic materials stocks declined as investors fretted about the health of the global economy. Consumer discretionary and financial stocks were essentially flat.


Our latest insights


Hear from the investment team.

Don't miss out

Get the Capital Ideas newsletter in your inbox each week


Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund prospectuses and summary prospectuses, which can be obtained from a financial professional, and should be read carefully before investing. Similar information about collective investment trusts can be obtained from Capital Group or participants' plan provider or employer.

Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Use of this website is intended for U.S. residents only.

American Funds Distributors, Inc., member FINRA.

This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.