In the September quarter, global share markets basically ended where they started. The September decline largely erased the gains achieved in the preceding two months, however markets remain firmly in positive territory for the calendar year to date. While a pause was inevitable, it was warranted on the back of some market fears. The negative news was on multiple fronts including the possibility that the US could curtail its stimulatory economic policies earlier than expected, the fear of rising inflation and interest rates, and the possible default of China’s largest property developer, Evergrande, and its flow on effect to other economies.
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