Global equities moved modestly higher in August, posting gains for the eighth consecutive month. Performance was led by emerging markets, notably Russia, Brazil and China. Developed market returns were relatively flat for the month. Equity investors continued to favor price momentum and growth over valuation. At the Jackson Hole Economic Symposium, central bank leaders acknowledged synchronized global growth for the first time since the financial crisis began. However, growth and inflation generally remain slow which led to an emphasis on discussions around “Fostering a Dynamic Global Economy’ aimed at addressing structural issues that require action beyond monetary policy support.
Mercer's Monthly Market summary provides an overview of global financial markets.
In this issue we cover:
- Emerging Market Equities Rally Continues
- Bond Markets Up Over Heightened Geopolitical Risks
- The Inflation Enigma
- Market Update as of August 31, 2017