“GDP growth rate in the U.S. exceeded expectations and debunked investor’s fears about possible stagnation of the world biggest economy. The positive surprise stemmed from such volatile GDP components as net export and business inventories. Overall, the U.S. economy remains healthy with strong labour market and continued consumer spending growth. In the near-team, the Republicans victory could benefit defensive assets”, consider experts.
“Inflation in the euro zone grew by 0.5 per cent – a number that Europe haven’t seen since June 2014. Steady growth of the euro zone economy showed resilience to Brexit. However, planned economic growth of 6.7 per cent in China and declining production of major mining companies have favorably affected industrial metals prices. The strengthening dollar partly mitigated the favorable effect and negatively influenced gold prices. During the month oil prices fluctuated above the level of 50 dollars per barrel”, note the experts.
It is also noted in the review that this month set a record for M&A activities in the world. There were more than $500bn in M&A deals – a number equal to the size of Belgium economy. Financial markets were calm in October as investors took watch-and-see attitude.
The RAM review and latest expert comments can be read here.
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