Quarterly Review Q3 2015: December 2015

There was a sharp rise in volatility with Q3 (2015) representing the worst quarter for global stock markets in four years. On the back of concerns of a slowdown in China, equity indices saw falls of between 7% and 15%, making the last quarter a summer to remember for investors. The quarter had begun on a positive note; after months of inconclusive negotiations and missed payments, worries of a “Grexit” eased as Greece finally reached a deal with its creditors. Further, it became evident that the European economy is now showing strong signs of a recovery, backed by a highly supportive monetary policy.