A week that started on a negative note, as markets once again braced themselves for the latest chapter in the ongoing drama of negotiations between Greece and its creditors, ended much more optimistically.End in sight?US, UK and European equity markets all gained over the week,
It’s a ‘No’After Greece became the first developed country to default on a loan from the International Monetary Fund (IMF), its people voted ‘No’ to a compromise offer from its international creditors. Greek banks are within days of running out of money, bringing the prospect
Competing forcesFinancial markets continued their seesaw last week as the US economy showed further signs of strength and the Greek debt drama inched closer to its ending – quite possibly a bad one. While Chinese stocks hit a seven-year high, concerns mounted over emerging market
Summer heat Bond markets around the world took a tumble last week as the US economy appeared healthier than had been feared. That in turn unsettled equity markets, while European shares continued to reflect concerns over Greece’s willingness and ability to pay its debts. Some saw
Relative calmGlobal stocks rose broadly but modestly in a week of relatively calm trading. In the US, the S&P 500 index fell 0.2% on Friday – after Federal Reserve chairwoman Janet Yellen said that she still expected interest rates to rise sometime this year –
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