Introduction Global equity markets moved higher over the month of July. Investor sentiment was largely positive as economic data pointed to the strong likelihood of the global economy avoiding a recession this year. Still, returns were muted as global central banks lifted rates and economic data was largely unimpressive. The [...]
Introduction Global equity markets advanced over the month of June. Global equities got a boost at the beginning of the month when U.S. lawmakers agreed to extend the U.S. debt ceiling, which alleviated investors’ concerns about a U.S. default. Central banks such as the Bank of Canada (“BoC”), European Central [...]
Introduction Global equity markets finished slightly lower in May. Investors treaded cautiously amid uncertainty about an agreement on the U.S. debt ceiling, while inflationary pressures persisted, raising expectations central banks might be forced to keep hiking interest rates. The U.S. Federal Reserve Board (“Fed”), European Central Bank (“ECB”) and Bank [...]
Introduction Global equity markets were relatively volatile over April but finished the month higher. Sentiment swung as investors speculated about the size of the next interest rate hikes by the U.S. Federal Reserve Board (“Fed”) and other central banks based on incoming economic data. Toward the end of the month, [...]
Introduction Global equity markets advanced over March 2023 but experienced periods of volatility. Investor confidence was frayed after the failures of Silicon Valley Bank (“SVB”) and Credit Suisse Group AG. In response, equity markets fell as concerns about contagion mounted and the rising possibility these failures could push the global [...]
Introduction Global equity markets ticked lower in February as economic data pointed to more interest rate increases by global central banks, including the U.S. Federal Reserve Board (“Fed”). The Fed, European Central Bank (“ECB”) and Bank of England (“BoE”) all started the month by raising interest rates and suggested more [...]
Introduction January data revealed resiliency throughout major economies despite considerable economic uncertainty and tighter financial conditions. The U.S., Europe and China reported economic expansion in the fourth quarter of 2022, albeit at relatively slower levels. Inflation has been coming down but remains at stubbornly high levels, particularly in Europe and [...]
By Canada Life Investment Management | Jan. 5, 2023 Geopolitical risks, inflation and market volatility continue to raise the risk of recession. But overcast skies call for a coat, not staying indoors. To help you plan for what’s ahead, we’ve curated a diverse range of views and expertise from across [...]
are rates likely to be paused in 2023? Introduction Global equity markets fell over December 2022 as global banks continued to increase rates, stoking fears of the global economy falling into a recession. The U.S. Federal Reserve Board (“Fed”), Bank of Canada (“BoC”), Bank of England (“BoE”) and European Central [...]
for the U.S. Federal Reserve Global equity markets advanced over November as expectations grew that the U.S. Federal Reserve Board (“Fed”) would soon begin slowing the pace of its interest-rate hikes. The Fed raised the target range of its federal funds rate by 75 basis points (“bps”) to 3.75%-4.00% early [...]
