Highlights:
- Global stock markets extended their summer-long run.
- Bond markets checked back, with longer-term bonds hit hardest.
- Expectations for market volatility rose with stretched stock valuations, the approach of the U.S. presidential election
and concerns for a COVID-19 second wave. - Amidst a risk-on sentiment, oil prices rose sharply, while gold and the U.S. dollar weakened.
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