Records continue to be broken
European stocks have slipped to end the month but the overall picture in August has been remarkably strong. Generally, August is a soft month for equities but not this year as asset prices everywhere have surged.
The MSCI World Index of developed markets is up 6.6% this year in the largest August rally since 1986. The All-World index that also includes emerging markets is in its best August since records began in 1988.
On the month:
- S&P 500 +6.8%
- Stoxx 50 +3.7%
- FTSE 100 +1.1%
- CAC 40 +4.1%
- DAX +5.2%
- Nikkei +6.6%
- Hang Seng +2.4%
