Most equity markets closed higher last week. The rumblings over Brexit pretty much dried up and, despite the newsflow switching to focus on the dramatic events in Turkey, volatility remained at year long lows
Monthly Archives: July 2016
Most markets were calmer last week as the hiatus over the UK referendum on Europe died down. Equity markets were little changed amid the remaining uncertainty and increasing worries over the health of the Italian banking sector.
Up and down. That pretty much sums up the last quarter. Equity markets have had a pretty bumpy time – although they have, at least for now, recovered from the sharp falls after the UK’s referendum on Europe. The key question now is where are markets headed next? And what are we planning to do about it?
What a week. A lot of emotion and wailing and gnashing of teeth saw sharp falls around the referendum. But then common sense prevailed and most equity markets ended last week higher – the FTSE All World Index closing up 3.33% higher and the FTSE 100 Index closing up 7.15%.