Weekly Market Comment – March 19th
The last week saw the global equity market resume its rally with European indices hitting their highest levels in six months and the S&P finishing the week only 4% off its all time high. Geopolitical noise in the form of “Brexit” and the “trade war” continues to overhang the market and economic growth remains sluggish, particularly in Europe where the ECB have taken down their expectation of growth for this year from 1.7% to 1.1%. However, the market continues to look through these worries with the expectation that central bank stimulus will revive economic growth.
– Niall Dineen
Investment Team Leader