Investment Markets in October
October saw a recovery in global equity markets following significant weakness over the previous two months. European equities saw the biggest rally, gaining over 10% in the month as the ECB indicated that it would expand its quantitative easing programme. Gains in non-euro assets were added to by foreign exchange gains as the euro weakened against the US dollar and sterling. Bonds also gained on the back of the ECB guidance while oil also rallied somewhat from its recent lows.
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