Market Update - May 2019

FROM THE GLOBAL CIO OFFICE - By Candice Bangsund, Vice President and Portfolio Manager, Global Asset Allocation

Risk appetite lingered-on in April as investors embraced the improved tone in global economic conditions, an impressive string of corporate earnings results, and the dovish pivot from major central banks. Notably, the latest economic results out of both Europe and China suggest that the worst of the global economic slowdown may finally be behind us, while cautious undertones from the likes of the Bank of Canada, European Central Bank, and Bank of Japan that have echoed the Federal Reserve’s patient and data dependent stance also bolstered investor sentiment last month.