Another good month for equity markets. Highlights included the German Dax, up 7.1 per cent, the Nasdaq composite, up 4.7 per cent, the CAC 4.4 per cent, the S&P 500 3.9 per cent and the Nikkei 225, 5.0 per cent. The robust performance in the US means that the indices have regained all the losses attained during the fourth quarter of 2018. Quite a turnaround since the New Year in what has been, in the US, the best start to a year since 1987.
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