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Equity
World markets review - Third quarter 2022
October 11, 2022

Global stocks declined for a third consecutive quarter, pressured by high inflation, rising interest rates and recession fears in many countries. Following a robust summer rally, stocks resumed a sharp selloff in mid-August as inflation soared and central banks around the world reconfirmed their commitment to tighten monetary policy.


All sectors of the MSCI All Country World Index lost ground, led by a steep drop among communication services stocks. The rate-sensitive real estate and utilities sectors also fell sharply. Energy and consumer discretionary stocks posted relatively better returns, though both sectors slipped during the quarter. A strong U.S. dollar put added pressure on international and emerging markets equities. 


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