Cardinal Quarterly – July 2018

Market Outlook – Global stock markets jumped higher in the second quarter of 2018, moving most markets back into positive territory for the year. The UK FTSE-100 and Australian ASX-100 were the top performing markets, up 8.6% and 7.6% respectively. Other international markets were also positive with the German DAX-30 and French CAC-40 up 2.5% and 3.3% respectively. However, U.S. dollar appreciation in the 5% range offset most of these gains. In North America, the S&P TSX and the S&P 500 gained 7.0% and 5.3% respectively with the US dollar gaining slightly on the Loonie.

Click here to read more:  Cardinal Quarterly – July 2018