Outlook for Investment Markets
The past month has been the proverbial 'game of two halves'. Investors were until 4 June deeply concerned about the Eurozone crisis, with the attendant effects on shares (lower) and bonds (high-quality yields fell to even lower 'safety first' levels). Investors have since 4 June been more confident about an effective policy response, and the previous asset price moves have partly unwound. Political and financial uncertainty remains high, however, and while the global economic outlook is better than the more alarmist headlines might suggest, the success or otherwise of the endgame in the Eurozone remains the key moving part.
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