Most other measures of financial health also improved, with net worth hitting an all - time high on the strength of rising home values and
robust strong equity markets.
In the past, companies have viewed instances
of strong equity markets as an opportunity to take advantage of their highly valued stock to make acquisitions or as an opportune time to fetch a good premium for shareholders by being acquired.
«Purchases are being driven by rising household wealth — the key driver of the luxury auto market — which is being buoyed
by strong equity market performances across much of the globe and ongoing house price appreciation,» said Gomes.
U.S. Dollar Losing Ground Ahead of ADP and ISM Services Report The U.S. Dollar is trading lower against most currencies with the exception of the Japanese Yen as
stronger equity markets in Europe and Asia helped drove up demand for higher yielding assets.
«
The stronger the equity market, the stronger these rebalancing flows,» said Nikolaos Panigirtzoglou, Managing Director at JP Morgan's Global Markets Strategy team in London.
Strong equity markets would only elevate the incentive to buy Canadian fixed - income securities because of a recent connection between the S&P 500 and the loonie.
Henri Leveque, leader of PwC's US capital markets and accounting advisory services, says: «Driven by increasing investor appetite for growth companies, low volatility and
strong equity markets, the field of IPOs has continued to broaden across industry sectors.
«
A strong equities market continued to provide solid returns on investments during the last three months of 2017,» DiNapoli said.
Bottom line: Credit has little further price upside in the case of ongoing economic growth and
strong equity markets.
The penthouse contains a lot of credit - sensitive companies that have rallied off of
the strong equity market, and moderately strong housing market.
Another aspect is
the strong equity market.