Multi-asset market outlook

Robeco
By March 13, 2019 13:02

Multi-asset market outlook

  • Compared to the meltdown in the fourth quarter last year, and the sharp reversal the followed it, February was slightly uneventful. Global developed equities returned 3.3% in local currencies. The top performers, however, were commodities. Oil prices rose again, with Brent up 9.2% and WTI adding 6.4%.
  • Not only were the markets less eventful in February, this was also the case for news and data flow. There were no major announcements from central banks, and we experienced a relatively quiet earnings season without any fireworks. The main themes also remained the same: Brexit and the US-China trade war. The news flow on the latter has improved lately. This is good news for Europe and Germany in particular, which narrowly escaped entering a recession with GDP growth in the fourth quarter barely staying above 0%. 

Robeco
By March 13, 2019 13:02

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