Clues and commentaries on the global prospects for stocks, bonds and alternatives.
Selected Document
Legg Mason Horizons Market Outlook
Batterymarch, Brandywine Global, ClearBridge, Legg Mason, LMM LLC, Permal, Royce, Western, Legg Mason Investment Counsel | December 23,2013

Onward and upward

  • Global equity markets advanced, driven by positive US-related developments, healthier global economic data, strong corporate earnings and continued monetary stimulus
  • Global bond markets continued to perform strongly, posting positive returns across all sectors
  • Most emerging market currencies strengthened notably versus the US dollar, adding to local currency debt returns
  • In developed markets, currency performance was more mixed