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January 22, 2019

EB Market Update – December 2018

Global – Macro slowdown or recession? Volatility in global markets epitomised the fourth quarter of 2018 as investors’ sentiments were tested with mixed data amidst increased geopolitical concerns surrounding the trade standoff between the US and China, weakening Chinese economy, and the possibility of a hard Brexit landing. October saw the sharpest one month decline since May 2012, with the MSCI World shedding -7.3% with Emerging Markets eclipsing the fall tabling at -8.7%. November provided a brief respite and recovery, only for December to table a -7.6% fall as the US fell 9.0% – despite US jobs data exceeding 3% for the first time since April 2009. A key measure of US inflation picked up as expected in November on rising costs for housing, medical care and used cars, reinforcing expectations that the Federal Reserve would raise interest rates.  ...
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WM Market Update – December 2018

Global – Macro slowdown or recession? Volatility in global markets epitomised the fourth quarter of 2018 as investors’ sentiments were tested with mixed data amidst increased geopolitical concerns surrounding the trade standoff between the US and China, weakening Chinese economy, and the possibility of a hard Brexit landing. October saw the sharpest one month decline since May 2012, with the MSCI World shedding -7.3% with Emerging Markets eclipsing the fall tabling at -8.7%. November provided a brief respite and recovery, only for December to table a -7.6% fall as the US fell 9.0% – despite US jobs data exceeding 3% for the first time since April 2009. A key measure of US inflation picked up as expected in November on rising costs for housing, medical care and used cars, reinforcing expectations that the Federal Reserve would raise interest rates.  ...
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