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Introduction Global equity markets surged higher over November amid rising expectations that global central banks may be nearing the end of their monetary policy tightening. Bets started to be placed about when major central banks may begin dropping interest rates. The U.S. Federal Reserve Board (“Fed”) and Bank of England [...]

Introduction Global equity markets fell over October as geopolitical tensions, relatively weak economic data and the possibility of higher-for-longer interest rates weighed on investor sentiment. Inflation continued to show signs of easing in October, which prompted central banks such as the Bank of Canada (“BoC”) and European Central Bank (“ECB”) [...]

Introduction Global equity markets fell over September as expectations of interest rates being higher for longer weighed on investor confidence. In response, investors exited risk assets. The Bank of Canada (“BoC”), U.S. Federal Reserve Board (“Fed”) and Bank of England (“BoE”) all decided to pause at their September meetings. The [...]

Introduction Global equity markets fell over the month of August. Investor sentiment soured on signs pointing to more interest rate increases by global central banks, concerns over U.S. government debt and mixed economic data. As reported in August, inflation remained elevated and above the targets of global central banks. Business [...]

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, [...]