Global equities fell sharply in October, pulling the year to date return for most markets into the red. Losses were most severe across small cap and technology stocks. While it’s difficult to pinpoint a clear cause of the steep correction, it is likely that rising rates, dollar strength, ongoing trade tensions, the Chinese growth slowdown and cautious outlooks presented in company earnings reports have weighed on market sentiment.
Mercer's Monthly Market summary provides an overview of global financial markets.
In this issue we cover:
• Equities Suffered Through Worst Month in Over Seven Years
• Bonds Under Pressure as Yields Move Higher
• Volatility Returns to Markets
• Market Update