Komfie Manalo, Opalesque Asia:
Data provider Hedge Fund Research said the global financial crisis posted mixed results in August, with continued growth in U.S. and UK economies was offset by weakness in European economies and continued geopolitical tensions in Russia/Ukraine and the Middle East.
HFR said in a statement, "U.S. equities posted gains across most sectors and capitalizations, pushing large cap indices to new record levels, with leadership from small caps, technology, biotechnology, healthcare and energy infrastructure; Latin American emerging market gains were led by Argentina, Brazil and Venezuela. European and Asian equities posted mixed performance, with gains in France, UK, Switzerland and Emerging Asia partially offset by declines in Italy, Russia, Japan and Singapore."
It added that fixed income yields declined as inflation remained subdued and investors anticipated stimulus measures from the ECB, yields declined across U.S. as the yield curve flattened & high yield credit tightened. European yields also declined across most regions, as the German Bund yield fell below 1% on expectations for ECB stimulus;......................
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