World Markets Review
Global equities rallied amid strong corporate earnings and solid economic growth in developed markets. U.S. stocks hit a series of new record highs during the quarter. Emerging markets stocks, on the other hand, were generally flat to negative, hurt by a strong U.S. dollar, higher interest rates and worries about global trade tensions.
WORLD MARKETS REVIEW | September 2018
Global equities advanced on strong corporate earnings and solid U.S. economic growth. U.S. stocks rose to new record highs, supported by a long-running rally in the technology sector. Outside the U.S., markets were generally flat to down amid investor worries over deteriorating global trade relations and a strengthening dollar.
WORLD MARKETS REVIEW | August 2018
Global equities moved higher, supported by strong corporate earnings growth and signs of a rapidly accelerating U.S. economy. Investor sentiment improved despite ongoing international trade disputes, political uncertainty and higher interest rates. Eurozone and emerging markets stocks advanced, bouncing back from a rough first half of the year.
WORLD MARKETS REVIEW | July 2018
Global stocks rose modestly despite signs of slowing economic growth in Europe and Japan, deteriorating trade relations and rising U.S. interest rates. In a volatile quarter, markets came under pressure largely due to trade and political turmoil, but strong earnings growth among select companies helped to boost investor sentiment.
WORLD MARKETS REVIEW | June 2018
Global stocks were essentially flat as modest gains in U.S. equities were offset by declines in Europe, Japan and some developing countries. Markets came under pressure late in the month amid political turmoil in Italy and Spain, signs of slowing economic growth in Europe and Japan, and deteriorating global trade relations.
WORLD MARKETS REVIEW | May 2018
Global stocks rose modestly amid solid corporate earnings reports and ongoing central bank stimulus measures. Gains were tempered by signs of slowing economic growth in the U.S., Europe and Japan, as well as worries about rising U.S.-China trade tensions. A resurgent U.S. dollar and higher interest rates weighed on emerging markets.
WORLD MARKETS REVIEW | April 2018
Global stocks declined amid investor worries about rising interest rates, mounting inflation pressures and escalating trade tensions between the U.S. and China. Talk of a potential trade war sent developed-market stocks reeling at various times throughout the quarter, while emerging markets stocks powered through the turmoil.
WORLD MARKETS REVIEW | March 2018
Global stocks fell sharply amid investor worries that a strengthening U.S. economy may prompt the Federal Reserve to raise interest rates at a faster-than-expected pace. Signs of inflationary pressures sparked a rapid sell-off in late January and early February, resulting in the first correction, or 10% loss, for U.S. stocks since early 2016.
WORLD MARKETS REVIEW | February 2018
Global stocks entered the new year on a high note, lifted by signs of an improving outlook for the world economy and strong corporate earnings growth. Economic data in the U.S., Europe and Japan showed a clear global acceleration trend, while many emerging markets also experienced surging business activity and rallying equity markets.
Economically sensitive stocks outpaced defensive sectors across the board. The consumer discretionary and information technology sectors posted the largest gains, supported by solid holiday retail sales and impressive earnings at tech industry giants. Utilities, real estate and telecommunication services stocks lagged the overall market.
WORLD MARKETS REVIEW | January 2018
Global stocks rallied amid a synchronized world economic recovery, strong corporate earnings growth and aggressive central bank stimulus measures. Elections in France, Germany and Japan helped restore stability to previously struggling economies, while political infighting in the U.S. and elsewhere was essentially ignored by resilient financial markets.
WORLD MARKETS REVIEW | January 2018
Global stocks rose amid strong corporate earnings growth, improving world economic data and a fourth-quarter surge in merger-and-acquisition activity. Political events also helped propel markets higher as investors cheered a $1.5 trillion tax cut in the U.S. and the re-election of Prime Minister Shinzo Abe in Japan.
Information technology stocks provided the largest gains, supported by investor enthusiasm for Apple’s new iPhone and other popular consumer tech products. Basic materials stocks also rallied on a brighter outlook for global economic growth. Heath care, utilities and telecommunication services stocks lagged the overall market.
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