Our monthly market update.
The re-opening of economies across the world has progressed with variable degrees of success. Leading indices continue to suggest that global trade has swung back to an upward trajectory after steep drops in May and June.
The post Covid-19 economic recovery appears a little uneven across the world. Recent US economic data has been very positive, whereas activity in the UK, where Brexit is looming, is not as encouraging.
Optimism continued to rise in August amid mounting hopes for a COVID-19 vaccine and solid global growth. Throughout the year, countries’ ability to contain the coronavirus has been the dominant driver of their relative economic performance
U.S. data suggested that activity improved towards the end of the quarter, as May's strong global growth momentum carried over into June.
It was a historic quarter for financial markets. Coming into the quarter, markets had just begun to rebound after the outbreak of COVID-19 and subsequent government mandated lockdowns...