Over the past three years, at around this time, market sentiment has softened amid worries about rising tensions in Europe, slowing US growth and moderating Chinese activity. These themes have returned to the forefront, but with less intensity and with a
George Osborne delivered a politically adept speech against a backdrop of grim economic news, introducing tax cuts for business, a boost for home buyers and help for the ‘squeezed middle’ at a net cost of £140m, avoiding the cardinal sin
César Pérez, Chief Investment Strategist for Europe, Middle-East and Africa at J.P. Morgan Private Bank comments on the outlook for Cyprus
Dr Daniel Murray states, “The small size of the amounts involved with the Cypriot bailout suggest that, if the spill-over to the rest of Europe remains contained, then any sell off will be relatively short lived.”
“We admit that we doubted the zimbabweconomists who said “this will work, trust us, we’ve never been wrong theoretically,” but the wealth effect is working.