The week that was…

In the week ending 18th September, what stole the financial headlines?

The Middle East and the battle against the Islamic State of Iraq and the Levant, also known as Isis, remained firmly in the spotlight as the West upped the ante with further air strikes and attempts to bolster regional support. Indeed, the French president, François Hollande reported that French military aircraft had carried out air strikes in Iraq – its first for 15 years. Meanwhile, the US House of Representatives approved President Barack Obama’s plans to train and arm moderate Syrian rebels. The US$500m funding proposal is aimed at squeezing Isis forces in Syria. However, question remain over whether the US is prepared to send ground troops to the region. While Obama has ruled this out, the US army chief of staff, General Ray Odierno was quoted last week as saying air strikes alone will not be enough to destroy Isis.

Headline Hotlist & World/ Asset Returns Source: The BNY Mellon Investment Strategy and Solutions Group (“ISSG”) as at 19/09/14. ISSG is part of The Bank of New York Mellon.

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