Markets had a helping hand from unconventional monetary policy to deliver a decent September quarter result. September saw the announcement of large scale asset purchase programmes in Europe, the US and Japan. But while policy announcements were great for confidence and market sentiment, economic data continued to worsen in Europe. In China the data didn't get much worse but it didn’t get much better either. Meanwhile, US data continues to be choppy, and the political polls have come into increasing focus as the US election nears and the fiscal cliff approaches.
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