2018 was a difficult period for the Japanese equity market.
Finished substantially ahead for 2018
The past six months in European markets have been dominated by two factors: profit warnings in the more cyclical sectors and an aggressive derating of mid-cap growth stocks.
Brexit and general election risk
Based on predicted performance for the year
As has been reported many times, this business cycle has continued for a long time.
In 2018, the world economy entered unfamiliar territory.
With the European Central Bank set to stop new quantitative easing at the end of 2018 and market chatter about an interest rate increase in 2019, have prospects for the spluttering European economy and financial markets taken a turn for the worse?