Updated: Dec 10, 2019
Major equity markets built on gains in the first quarter in April.
Global central banks, led by the U.S. Federal Reserve, adopted an accommodative monetary policy stance in response to some risks stemming from weakening global trade and signs of easing growth in the U.S.
Expectations of a recovery in China’s economy and anticipation of a U.S.-China trade deal proved encouraging. Better-than-expected corporate earnings for the fourth quarter also enhanced overall sentiment.
In the U.S., strong first-quarter GDP growth reassured investors and allayed some of the fears related to slowing global growth.
In fixed income, bond yields rose (and prices declined) as prospects of an economic recovery enhanced investor confidence.
Next Week: Update on U.S. - China Trade