Global equities traded modestly higher in August, closing out a turbulent month. Gains were driven by US stocks with the S&P500 touching fresh all-time highs. Markets outside the US declined in aggregate, with Turkish and Latin American equities suffering heavy losses. Trade tensions continued to weigh on market sentiment.
Mercer's Monthly Market summary provides an overview of global financial markets.
In this issue we cover:
• Non US Equities Struggled
• Bonds Moved Up Over Flight to Safety
• Currency Turbulence
• Market Update