The week that was…

In the week ending 17th July, what stole the financial headlines?

The downing of the Malaysian airliner in Ukraine on Thursday was swiftly followed by renewed bouts of finger-pointing by the Ukrainian and Russian governments, each adamant the other was responsible for the tragedy. Russia’s influence on the separatist rebels occupying the area of Eastern Ukraine in which the plane came down was the subject of much rhetoric from Western leaders, with the prospect of further economic sanctions on Russia looking increasingly likely. Meanwhile, after US Federal Reserve (Fed) Chair Janet Yellen suggested the Fed was in no hurry to raise interest rates, Larry Fink, chief executive at Blackrock, urged the central bank to end its crisis-era policies. On the economic front, despite weakness in the US housing market (most notably in home building), employment numbers and manufacturing activity are painting an increasingly positive picture for the economy.

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 17/07/14. ISSG is part of The Bank of New York Mellon.

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