Mercer's Monthly Market summary provides an overview of global financial markets.
Global equity markets treaded water in August as volatility declined and trading volume fell. The Bank of England followed market expectations by cutting rates and launching a stimulus package in the aftermath of the Brexit vote. The Bank of Japan, however, delayed new monetary policy actions. In the US, speculation over higher yields rose after the Fed chair commented at the Jackson Hole economic conference that the case for interest rates hikes has strengthened in the recent months. With Q2 2016 reporting season closing, S&P 500 earnings declined for the fifth consecutive quarter.
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