Imperium Capital Publication

Viewpoint – June 2016

By far the most significant development in the month was the change in expectations for a US Federal Reserve (Fed) interest rate hike in 2016. During May the probability of a rate rise for the June and July meetings increased from 12.0% and 26.1% at the start of the month to 24.0% and 52.9% at month end.

Weekly Digest – 19 June 2016

  • Global equities fall despite a late week rally
  • “Brexit” polls suggest that the Remain camp has regained momentum
  • Central banks keep rates on hold, as bond yields reach historic lows
  • Greece attains additional bailout funding
  • Gold price rises amid broad commodity losses