Assets Rise Despite Political Threats

Despite the political tension, it was another very positive quarter for equities generally, with gains across the majority of the globe

Dan Kemp 9 October, 2017 | 3:08PM
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The market landscape in the third quarter was dominated by North Korean tension, a Brexit deadlock, central bank murmurs and a series of U.S. policy oscillations, all of which are influencing asset markets but have failed to materially budge market optimism.

Predominantly, currency markets are feeling the brunt of the political developments, with further gains for the euro and sterling combining with declines for the US dollar and Japanese yen. Of note, the euro has rallied year-to-date by 10.8% against the US dollar and 7.6% against the Japanese yen, causing the European Central Bank to express concerns about currency strength.

Returns from global equities year to date

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Dan Kemp

Dan Kemp  is Chief Investment Officer, Morningstar Investment Management EMEA

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