The week that was…

In the week ending 6th June, what stole the financial headlines?

Global equity markets were boosted by further good news emanating from the US employment market. While the headline unemployment rate remained unchanged at 6.3%, US employment has returned to its pre-financial crisis level, with the economy recouping the 8.7 million jobs it lost during the recession. In Europe, Russian President Vladimir Putin came face to face with his Ukrainian equivalent, Petro Poroshenko, for the first time during the 70th anniversary commemoration of the D-Day landings. Meanwhile, Russians are more hostile towards the West than at any time since the break-up of the Soviet Union, according to the country’s leading independent pollster Levada-Centre. Finally, Chinese state media launched a publicity offensive against Google and other US technology companies as the Chinese administration ramped up its spat with the US over cyber espionage.

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 10/06/14. ISSG is part of The Bank of New York Mellon.

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