Positive Week - 28th August 2015
US data yesterday showed the US economy grew more than previously estimated.
US data yesterday showed the US economy grew more than previously estimated.
What a difference a week makes! Last Tuesday the S&P500 index touched 2,103.11 – just 27.7 points or 1.3% from its all-time high made on 21 May 2015.
Worries over China, the world’s second largest economy, was again the catalyst for lower equity markets yesterday.
As Novak Djokovic defeated Roger Federer for his third Wimbledon title, Greece finally reached an agreement with the troika over the reforms needed for a third bailout in five years and remain in the euro.
Although George Osborne, the Chancellor of the Exchequer, only delivered his sixth Budget in March, he stood up in Parliament earlier today and put a Tory stamp on Britain..
Greek voters’ rejection of austerity wasn’t a surprise.
Ian Copelin, Investment Director, my wealth comments: With reference to my article on 7 January, titled “it took forever and then it took a night”, it appears that the night is Sunday 5 July!
Ian Copelin, Investment Director, my wealth comments: “With a handful of seats left to declare, the result of yesterday’s general election is nothing like the pundits had been forecasting, with David Cameron looking like he will remain Prime Minister.