The week that was…

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

The emerging markets dominated headlines as fears of a sustained Chinese economic slowdown refused to abate. Meanwhile, rhetoric with regards the tapering of the US quantitative easing programme continued apace. In its March release, the US Federal Open Market Committee indicated that “economic activity will expand at a moderate pace and labour market conditions will continue to improve gradually”. On that note, the health of the US economy remained high on the agenda. US employment data released on 4 April showed the US added 192,000 jobs in March – this added credence to the belief economic data had been hit by poor weather over the winter months. The US unemployment rate remained unchanged at 6.7%.

All data mentioned above sourced from the US Federal Reserve and US Department of Labor.Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 11/04/14. ISSG is part of The Bank of New York Mellon.

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