Global equity markets ended the first week of September to the upside. On a year-to-date basis, U.S. and emerging equity markets, particularly in Asia, Africa and Latin America, have outperformed equities in the developed markets of the Eurozone and Japan, as well as the emerging markets of Eastern Europe. Markets in Eastern Europe have been disrupted by the conflict in eastern Ukraine, which may be in some stage of resolution, although skeptics doubt the sustainability of the truce.
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