FLQG - Global Equities: Keeping Balance In A Wobbly World
By Sharon Fay, Christopher Hogbin
Global stocks advanced in the third quarter, but investor sentiment wobbled amid puzzling signals on macroeconomic growth and monetary policy. Political uncertainty and a cloudier outlook point to more volatility, which should compel investors to intensify their focus on stock fundamentals.
Developed market stocks were led by Japan, while Chinese stocks advanced despite the weaker trend in emerging markets. The MSCI World Index increased by 1.5% in the quarter and was up 18.5% for the first nine months of the year, in local currency terms. But the real drama unfolded