Global equity markets rebounded from May’s decline and closed out a solid first half of 2019 with the S&P 500 reaching a new high. Dovish statements from the Fed, ECB and PBoC eased financial conditions. Trade tensions also eased as US and China renewed negotiations and the Trump administration dropped threatened tariffs on Mexico. These factors contributed positively to market sentiment, and investors anticipated easing monetary conditions to offset weaker global economic growth.
Mercer's Monthly Market Monitor provides an overview of global financial markets.
In this issue we cover:
- Easing Trade Tensions but Weaker Growth Outlook
- ‘Risk-on’ in Expectation of Monetary Stimulus
- Lower Rates and Record Negative Yielding Bonds
- Greenback weaker, Oil Surged
- Market Update
Fed Rate and Futures