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Market Matters - October 2013

CLICK HERE to view the entire GLC Market Matters newsletter for November 2013.

(Also available in French HERE). 

 

Here is an overview of the September 2013 highlights:

  • American politics took centre stage in October. Fiscal issues were hotly debated resulting in stand-offs, hold-outs, shut-downs and the eventual do-over of budget and debt ceiling discussions as deadlines were kicked down the road to early next year.
  • The 16-day U.S. government shut-down and debt ceiling debate may have captured the headlines, but it was equity markets that stole the show in October.
  • Resilient corporate earnings buoyed investor confidence and helped move equity markets higher.
  • Fixed-income investors benefited from expectations that the U.S. Federal Reserve would further delay tapering of their asset-purchasing plan. Yields dropped slightly, boosting bond prices.
  • Commodity prices weakened, in particular oil. An improving geopolitical situation in the middle-east emerged and diminished the price premium associated with supply disruption risks in that region.

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Market Matters - September 2013

 

CLICK HERE To view the entire GLC Market Matters newsletter for September 2013.

(Also available in French HERE). 

 

Here is an overview of the August 2013 highlights:

  • Political and economic concerns grew throughout the month and weighed on global equity and fixed income markets.
  • Bond yields rose sharply over the summer months with anticipation that the U.S. Federal Reserve would soon begin to taper their asset purchasing program.
  • Bond values dropped overall, but were partially offset by income generation and a bid up in prices during the last week of August as concerns over possible U.S. military action in Syria diminished investors’ risk tolerance.
  • The Canadian Materials sectors rebounded from oversold conditions and received a boost from higher gold prices (a further reaction to diminished risk tolerances amid the geopolitical concerns in the Middle East).
  • Balanced investors benefited from a diversified portfolio as domestic equity gains offset foreign equity losses, and fixed income holdings mitigated equity market volatility.

 

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