Last week saw further gains for equity markets as hopes of a US/China trade deal continued to build. In Europe, elections in Spain and the campaign trail in the United Kingdom were in focus.
Global equities were higher across the board last week, with US markets making all-time highs and European equities hitting a 22-month record. The Asia Pacific (APAC) region also fared well.
As the third-quarter earnings season got into full swing, global equities ground steadily higher last week with no clear macro drivers. In Europe, UK equities outperformed as sterling remained weak.
European equities made small gains last week, with help from improved sentiment on Brexit and trade progress. US markets were also mostly higher.
Last week proved to be positive for global equities as sentiment improved not only around the chances of a trade deal between the United States and China, but also on Brexit.
Equity markets drifted lower last week as investors focused on further disappointing macro data from both the United States and Europe.
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