Welcome to Al Mal Capital Q3 2019 Global Market
Outlook.
The first half of 2019 is one of the most memorable on record with strong returns across all asset classes. Confronted by weaker economic data, risks to the trade outlook and still low inflation, central banks came to the rescue by opening the door to further monetary stimulus. Bad economic news became good news for financial markets as equities and credit rallied alongside traditional safe-haven assets such as government bonds and gold.
In the first part of this publication we review the 10 stories to remember from this eventful first half of the year.
We then share our views for the third quarter and beyond – we believe that the path for risk assets is becoming narrower but maintain a positive stance on risk assets.