The week that was…

In the week ending 10th July, what stole the financial headlines?

Minutes from the Federal Open Market Committee’s June meeting showed the US Federal Reserve hasn’t altered its expectation of an interest rate hike in the second half of 2015, while tapering is in line to be completed this October. Meanwhile, questions continue to be asked over the veracity of the US economy recovery. US employment numbers continue to impress while lending to businesses is reaching record highs but doubters remain plentiful in number. In Europe, all has gone quiet on the Eastern front as President Vladimir Putin mulls his next move with regards to Ukraine. This follows a speech two weeks ago in which he accused the US of Cold War tactics.

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 10/07/14. ISSG is part of The Bank of New York Mellon.

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