Market Update. Trade optimism & rate cuts rally global equities in September

Oct 15 23:10 2019 Print This Article

The month at a glance

All WealthBar equity weighted portfolios ended September higher after a volatile month in August. Markets rallied as the US-China trade talks started to appear more optimistic and both the European Central Bank (ECB) and the US Federal Reserve (the Fed) introduced key rate cuts. 

Read on for a deeper dive into how these events are shaping the market or jump to performance.

September Market Movers

Double dose of stimulus: both the ECB and the Fed cut interest rates. 

The ECB cut rates to a new record low of -0.5% to combat a weakening eurozone economy. It also announced that it will restart its bond buying program this November to the tune of €20 billion ($29 billion CAD) per month. 

Meanwhile, the Fed cited its decision to cut interest rates as a preemptive move to shield the US economy from global weakness and the trade dispute.

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WealthBar is Canada's first and only full-service online financial advisor. They help thousands of Canadians save time and money with online personal financial planning facilitated by real financial advisors and offer professionally managed investment strategies that are a faction of the cost of traditional mutual funds while also offering better diversification

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