Global equity investors were in for a treat over the month of October, with support continuing from global policymakers, historically low interest rates and an apparent breakthrough in US/China trade talks. Investors will be hoping global Central banks and governments have more tricks up their sleeves to support future growth and for fewer scares from global trade talks.
In this edition
- Closer to home there was no Halloween Brexit in the UK, with Westminster now preparing for a December General Election to try to end the political deadlock in Parliament
- While uncertainty will continue for UK businesses and investors, at least in the short term, the reduced odds of a ‘no deal Brexit’ drove a rally in sterling, which weighed on both gilts and UK equities
- Fixed income markets were generally weaker in October as yields rose, while commodity prices reflected the more risk-on market environment
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