GTC EB Trendline – March 2019

Global: Markets Rally

From a low base at the end of 2018, US equities delivered a robust performance over the quarter with January providing the major impetus. This was as a result of the Federal Reserve Bank announcing its intention to adopt a far more dovish approach to interest rate rises to compensate for a slowing economy.

The Federal Reserve further confirmed this new interest rate stance as the quarter progressed and economic data positively confirmed slower economic growth. Of significance was Q4 GDP being adjusted downwards to 2.2% from an initial 2.6%. Positive developments in Chinese/US trade talks also cheered the market.

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