Global equity markets advanced in August amidst growing concerns surrounding Covid variant threats. Continued supply issues of critical components for various products weighed on earnings estimates, as many companies struggle to rebuild inventory. Higher prices for some services and products are sustaining revenues and margins for various companies.
Major equity indexes all posted higher gains in August, elevating both large and small capitalized companies. International markets also faired well for the month, as developed and emerging equity indices saw increases.
Sources: Bloomberg, Reuters
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