Arrow_Blue_Orange.pngRisk Retreats Around the Globe
Though US remains riskier than most benchmarks.

Stocks rallied around the globe in the first quarter of 2019, with most indices nearly recouping the steep losses of the previous quarter. Stocks rose as major central banks kept interest rates unchanged, allaying investor concerns of a global economic slowdown. With most US economic indicators on the positive side, some US indices recorded the biggest quarterly gains since the global financial crisis, while others approached record highs.

The turnaround corresponded to a sharp decline in risk. China was the only exception, with its risk at quarter-end higher than where it started. Even the UK market saw its risk fall, despite Brexit-related tumult. That said, the US remained at the top of the risk list, an atypical position it occupied in Q4 2018.



Authors: Axioma Applied Research Team

 
Melissa R. Brown, CFA 
Managing Director, Applied Research

Natan Borshansky
Manager, Applied Research


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Diana R. Rudean, PhD
Director, 
Applied Research


Christoph V. Schon. CFA, CIPM
Executive Director, Applied Research

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Olivier d'Assier
Executive Director, Applied Research APAC



Arrow_Blue_Orange.pngRisk Retreats Around the Globe



Stocks rallied around the globe in the first quarter of 2019, with most indices nearly recouping the steep losses of the previous quarter. Stocks rose as major central banks kept interest rates unchanged, allaying investor concerns of a global economic slowdown. With most US economic indicators on the positive side, some US indices recorded the biggest quarterly gains since the global financial crisis, while others approached record highs.

The turnaround corresponded to a sharp decline in risk. China was the only exception, with its risk at quarter-end higher than where it started. Even the UK market saw its risk fall, despite Brexit-related tumult. That said, the US remained at the top of the risk list, an atypical position it occupied in Q4 2018.

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Author: 
Applied Research Team