Transcription of Market Insights uarterly arket evie - J.P. Morgan
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Market Insights uarterly arket evie - J.P. Morgan
Market Insights1 September 2022 Monthly Market ReviewReview of markets over August 2022 Global economyCentral banks commitment to bring inflation under control, despite the inherent risks to the growth outlook, shook both equity and bond markets in August. While the summer brought historical droughts and heatwaves to many parts of the world, the global economy nevertheless continued to cool down. Most of the economic data published last month, such as the global composite Purchasing Managers Index (PMI), which dropped to a 22-month low of in July, continued to illustrate the slowing of the global economy. However, the economic data was generally a bit better than expected, as shown by economic surprise indices, while global inflation pressures started to ease on the back of lower commodity prices. Exhibit 1: Asset class and style returns201020112012201320142015201620172 018201920202021 YTDAug 22 Small Agg cap 2 2.
UK FTSE All-Share-9.8% MSCI Asia ex-Japan -4.5% Japan TOPIX-1.7% Source: FTSE, MSCI, Refinitiv Datastream, Standard & Poor’s, TOPIX, J.P. Morgan Asset Management. All indices are total return in local currency, except for MSCI Asia ex-Japan and MSCI EM, which are in US dollars. Past performance is not a reliable indicator
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