- Failed coup impacts Turkey’s financial markets
- European Central Bank maintains monetary policy position
- Weak PMI data from the UK following Brexit
- IMF downgrades global and UK growth forecasts
- Japanese stimulus expectations continue following trade data
Imperium Capital Publication
Viewpoint – July 2016
Events in June, prior to the UK’s EU referendum on the 23rd, became somewhat irrelevant following the shock result. The market reaction was instant and dramatic, with sharp falls in sterling, global stock markets, government bond yields (especially those in the UK) and a flight to safe haven assets such as gold.
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Weekly Digest – 17 July 2016
- Strong US data pushes shares to record highs
- Continued expectations for Japanese stimulus; yen sells off
- China GDP growth on target
- European bank stocks rally
- Sovereign bond yields rise
Weekly Digest – 10 July 2016
- Abe’s coalition wins a landslide victory in Japanese elections
- US payrolls show 287,000 jobs created in June
- Chinese inflation slows
- Health of Italian banking sector of increasing concern
- Government bond yields continue to decline
Weekly Digest – 3 July 2016
- Rating agencies cut UK credit rating
- Global equity markets rebound
- European bank stock fragility continues
- Commodities record broad gains
- Mixed results in China’s monthly PMI data