Market Update – July 2019

Global markets started the month on a positive note.

As the US and China agreed to resume trade talks along with no new tariffs increases and for the US to ease previously imposed restrictions on Huawei. This was short lived as the US proposed increased tariffs towards the middle of the month, further exasperating already elevated levels of geopolitical tension amid deteriorating global trade.

While central banks have adopted a dovish approach to interest rates in order to stimulate growth, the effects of the global risk off environment which ensued, could not be completely mitigated.

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