The week that was…

In the week ending 3rd July, what stole the financial headlines?

US security dominated the headlines after US homeland security announced it was increasing aviation security amid new concerns about the capacity of al-Qaeda-linked groups to evade existing controls. The UK followed the US’ example. Meanwhile, the battle for Iraq rumbles on and following rumours that the Iraqi army had withdrawn from the Iraq-Saudi Arabia border, the Saudi government sent 30,000 troops to its frontier. In other news, President Barack Obama received an Independence Day message from the Kremlin as the Russian president, Vladimir Putin, called for closer ties between the two countries. Given the strained relations between the two powers since Russia’s annexation of Crimea earlier in the year, Putin’s message carried a remarkably conciliatory tone.

 

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 04/07/14. ISSG is part of The Bank of New York Mellon.

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