The week that was…

In the week ending 24th April, what stole the financial headlines?

The world’s financial headlines remained centred upon the Russia/Ukraine crisis as the potential impact of economic sanctions on Russia continued to be speculated upon. Meanwhile, US President Barack Obama suggested further sanctions were imminent. It was a busy week for the US president as he began his Asian tour with a trip to Japan. Obama caused friction with the Chinese government after he was quoted as saying that a chain of East China Sea islands, known in Japan as the Senkaku and in China as the Diaoyu, were covered by a security treaty between the US and Japan and therefore fell under the territory of the latter. The sovereignty of the islands has long been a source of strained relations between Beijing and Tokyo.

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 25/04/14. ISSG is part of The Bank of New York Mellon.

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