The Weekly Brief (09 November 2015) - J.P. Morgan Asset Management

The Weekly Brief (09 November 2015)

Contributor Global Markets Insights Strategy Team

October was a good month for equities but most markets outside the US remain some way below their highs for the year.

We think that this is probably the start of a year end “Rudolph Rally” and that the opportunity to add to equities hasn’t been missed. The latest Eurozone PMIs have shown no sign of a slowdown in European growth. The US ISM surveys have rebounded with the non manufacturing new orders component bouncing back strongly to 62, suggesting US growth remains robust. The IMF forecast that Chinese growth will slow next year but still remain healthy at over 6% and that global growth will actually accelerate to 3.6%. Furthermore the ECB have made clear that they could deliver an early Christmas present in the form of additional stimulus, whilst a Fed rate rise would signal US economic strength.

Year to date equity performance, indexed to 1 Jan 2015

Source: Thomson Reuters Datastream, J.P. Morgan Asset Management. Data as of 4 November 2015.

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Please be aware that this material is for information purposes only. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. JPMorgan Asset Management Marketing Limited accepts no legal responsibility or liability for any matter or opinion expressed in this material.

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The Weekly Brief (09 November 2015)