Market Commentary – September 2016

A concise, easy-to-read summary of the latest events shaping investment markets.

Market overview – The FTSE World index climbed again in September with a rise of 1.2% in sterling terms.

  • UK – Consumer confidence has held up and this is reflected in good retail sales.
  • Europe – More recent news has been dominated by the travails of Deutsche Bank.
  • US – At the turn of the year, Investors expected four small rate rises by the end of 2016.
  • Japan – The strength of the yen this year has not helped by reducing import prices and company profits.
  • Emerging Markets – The Emerging Markets asset class has been the best performer, year to date.

The Commentary also contains the CAERUS Sentiment Indicator, which provides a very clear ‘dashboard’ of dials showing current sentiment towards the leading asset classes.