Last week saw equity markets focusing on what is going to happen to US interest rates. The Federal Open Markets Committee’s comments have led investors to conclude a rise in June is now likely. Is this a bad thing? We do not think so.
Monthly Archives: May 2016
Last week saw equity markets lacking inspiration amid increasing talk of slowing global growth. There were some disappointing earnings numbers in the US which led the S&P 500 Index slightly lower by 0.51%. Europe saw mixed returns, with Switzerland and Germany closing higher whilst the overall FTSE Europe ex UK Index closed down 0.24%.
Once again, investors are being confronted by widely differing views of the world, economics, politics and markets. Following the sharp falls last quarter, the rally in equities has petered out and the inevitable speculation has started over when the next shake out will take place.