Introduction
After falling significantly during the first half of the year, global equity markets started the second half byposting a positive return over the month of July. Despite ongoing aggressive monetary tightening, aslowdown in economic activity heightened expectations global central banks might need to ease theirinterest-rate increases. The U.S. Federal Reserve Board (“Fed”) raised the target range of its federal fundsrate by 75 basis points (“bps”), while the Bank of Canada (“BoC”) lifted its key interest rate by 100 bps to2.50%. In Europe, the European Central Bank (“ECB”) announced its first interest rate increase since 2011,raising its main refinancing rate by 50 bps to 0.50%. Despite the BoC and Fed rate hikes, the yield on 10-year government bonds in Canada and the U.S. fell largely in response to recessionary concerns.
To continue reading please Click here
Markets gained ground in September, lifted by rate cuts and easing inflation. Canadian and U.S.…
Investor sentiment improved in August, driven by hopes of rate cuts and extended trade truces.…
Trade tensions and cautious monetary policy continue to shape the global economic landscape. The U.S.…
Global equity markets rose in June as trade talks between the U.S., China, Canada and…
Trade talks, court rulings, and surprise tariff moves turned May into a geopolitical chess match.…
April's global markets faced turbulence due to trade and economic uncertainties. Discover how these factors…