WM Market Update – October 2015
Global – US recovery continues
Global equities delivered positive returns in October after experiencing sharp falls earlier in the month over concerns relating to global economic growth. The sell-off was on the back of weak U.S. retail sales data, lagging inflation in Europe and slowing growth in Asia as well as stuttering growth in Japan.
Local – The road map to safeguard the public finances
The substantial market correction which had its beginnings late September continued during the early part of October but managed a last minute gain on the back of the surprise Bank of Japan announcement at month end that it was to substantially increase its quantitative easing programme.
