14 Jul Perler Quarterly Market Report – Summer 2016
It’s hard to believe we are already well into summer but I hope you are taking advantage of the warm sunny days. Please take a moment and read through the quarterly update below. If you have any questions or comments, please be sure to contact me.
Although global capital markets experienced significant volatility in the second quarter of 2016, results for the end of the period showed modest improvement for most asset classes.
Markets were rattled in late June when the British electorate voted in favour of leaving the European Union (EU). The surprise results of the “Brexit” vote caused equity markets to drop, losing an estimated US$3 trillion in value over just a few trading days. The British pound and euro declined, while investors sought out perceived safe havens, including gold, stable government bonds and currencies such as the U.S. dollar and Japanese yen. However, once the initial shock of the “leave” result had passed, global markets rebounded into the end of the quarter, with equities recouping most of their earlier losses.
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