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“We believe that the rule of law, especially on the international front, is the best guarantee for the survival of a small country,” Chan Chun Sing said.
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Global tug of war: Developed markets lead the charge while EMs lag slightly behind What are the implications for investors? Andrew Harmstone of Morgan Stanley Investment Management Andrew Harmstone Global equities continued their move up, closing March positive at 2.7% (MSCI ACWI in USD terms), with the Euro Stoxx 50 closing up a healthy 7.9% (EUR) and the S&P 500 up 4.4% (USD). The Russell 2000 started to lag ending the month at 1.0% (USD). The US s relatively fast vaccine roll-out sets it on course to lead reopening and growth again. It has not experienced some of the bumps that continental Europe has, with supply issues and then a temporary suspension of one of the vaccines.