Investors would be forgiven for being unnerved by geopolitical events this year, but this makes it all the more important to look at the fundamentals that are driving markets around the world. The global economy is in good health – September’s global composite PMI (PurchasingManagers’Index) reading of 54 indicates that business expansion is continuing and global GDP growth, currently at 3.3% year on year, is robust. As this week’schart shows, global export growth has picked up meaningfully since mid-2016, which should continue to be supportive of corporate earnings.

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