Last month, major stock markets worldwide were under pressure.
In the U.S., the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite Index were down 3.5 per cent, 4.9 per cent, and 5.8 per cent, respectively. Internationally, the German DAX declined 3.5 per cent, France’s CAC fell 2.5 per cent, Japan’s Nikkei lost 2.3 per cent and Hong Kong’s Hang Seng Index suffered a 3.1 per cent loss.
Economic data along with third-quarter earnings reports and 2024 outlooks provided by management in the weeks ahead will help dictate the direction markets will be headed in the final quarter of the year.
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