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10.04.2015 17:19:25

Quarterly markets review - Q1 2015: Global, S&P 500, Eurozone, Japan and Emerging Markets

Economic Viewpoint on finanzen.ch

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Quarterly markets review

Q1 2015

A look back at markets in Q1 2015, which saw the European Central Bank embark on full quantitative easing.
   

  • Global equities registered positive returns over the first quarter with central banks in the eurozone and China easing monetary policy. Crude oil prices stabilised after their previous sharp drop.
  • The S&P 500 delivered a modest positive return. The timing of the first interest rate hike now appears more distant. However, concern over the impact of the strong dollar limited the stockmarket's progress.
  • Eurozone equities enjoyed strong returns after the European Central Bank's (ECB) announcement that it would buy sovereign bonds. The size of the package surpassed market expectations. 
  • Japanese equities gained amid some positive corporate earnings and were further supported by hopes that additional stimulus from the Bank of Japan would be forthcoming.
  • Emerging markets posted positive returns. Chinese equities were supported by the authorities' moves to boost growth. Russia gained amid the stabilising oil price and hopes of a peace deal with Ukraine. Brazilian equities fell amid anaemic economic growth.

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