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The post Covid-19 economic recovery appears a little uneven across the world. Recent US economic data has been very positive, whereas activity in the UK, where Brexit is looming, is not as positive.
Optimism continued to rise in August amid mounting hopes for a COVID-19 vaccine and solid global growth.
In equity markets, better economic activity data pushed prices higher, albeit for U.K. Sterling based investors most international equity markets ended the month in negative territory as the U.S. Dollar weakened.
It was a historic quarter for financial markets. Coming into the quarter, markets had just begun to rebound after the outbreak of COVID-19 and subsequent government mandated lockdowns...
Developed market economies, which came to a sudden stop during the pandemic lockdown period, entered the recovery phase in May.
April was marked by a rally in equities as COVID-19 infection rates peaked.