August started off on a weak note as the lack of central bank actions left investors with less confidence in the markets. Additionally, investors questioned the market’s strength after the lower-than-expected job numbers.
However, the equities market rebounded on expectations that the European Central Bank would engage in a sovereign bond buying plan to support troubled peripheral states.
At the end of the month, market observers were focused on the Fed, notably potential hints about another quantitative easing plan from the Jackson Hole meeting, the spot where QE2 was originally revealed.
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Max Chen contributed to this article.