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October market update – Halloween nightmares became a reality

Chief Investment Officer Chris Godding and Senior Research Analyst Louie French give their commentary on what happened in the markets and global economies over the month of October 2018.

Centre Chris Godding
08 November 2018

Halloween nightmares turned into a reality for investors in October, with global markets spooked by global growth fears, higher US Treasury yields and a softer outlook for corporate profitability.

What happened in the markets?

  • Few asset classes offered treats for investors and there was a notable rotation to the traditionally defensive areas of the market, as global equity markets sold off and volatility rose
  • Against this risk-off backdrop gold prices rose, the Japanese yen and US dollar strengthened, government bonds outperformed and commercial property returns remained robust
  • Global growth fears also weighed on commodity prices in October and oil prices weakened as supply fears eased on rising production data


Read our market commentary


We hope you have found this update helpful. Please do get in touch on 020 7189 2400 or email if you have any queries or would like more information.


Important information

The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested. This is not a personal recommendation or advice to invest. Past performance is not a guide to future performance. Funds may carry different levels of risk depending on the industry sector(s) in which they invest. You should ensure that you understand the nature of any fund before you invest in it.