World markets were mixed this week as all eyes were on central banks meetings and political standoffs. Congress's failure to reach an agreement on a new stimulus package weighed on sentiment.
What a week. World markets went on a wild ride, as geopolitical tensions between the US and China, Brexit woes, broad valuation concerns, US political gridlock, and a stall in the decline of US jobless claims hampered investor sentiment.
World markets were mostly lower this week. The global benchmark for stocks had its best August on record but September started with a tech sell-off.
World markets opened the week with great enthusiasm and by Wednesday, the MSCI World Index hit a record. Encouraged by signs US-China remain committed to the phase one trade deal and liquidity packages, investors embraced the risk-on mood and stocks flew high.
It was another eventful week for world markets, one packed with geopolitical headlines, economic data and the Presidential Nomination Conventions.
Improvement in economic data continued to provide support to world markets this week. Investors were pleased with manufacturing PMIs out of the US, Japan and Eurozone.
World markets concluded a heavy week which provided more clarity on the depth of the economic hole around the globe. The biggest headline was the US initial estimate of second-quarter gross domestic product as big tech held the earnings spotlight.
Major world stock markets fell this week on concerns over escalating diplomatic Chinese/American tensions. A slew of upbeat economic data in Europe and out of the U.S. as well EU's agreement on a recovery fund were not enough to brighten investors' mood.
It was another eventful week for world markets with brewing US-China tensions remaining the elements of caution, taking stocks on a wild swing.
World stocks swung between gains and losses this week as doubts of economic recovery resurfaced.