Outlook for Investment Markets
Investors have been encouraged by a financing package for Greece and better-than-expected economic news out of the United States. This improved sentiment has led to better sharemarket performance globally, and to a reduction in demand for 'safe haven' assets such as government bonds. While there are still downside risks – such as high world oil prices, further potential Eurozone flare-ups, and consumer and government spending cutbacks – improving global financial stability and economic activity are likely to continue to underpin further gains from growth assets.
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