Summary
MARKETS have given up some of their early momentum which they enjoyed in the first quarter of the year. The irony is that basic economic and corporate fundamentals are not in bad shape. The dollar has stabilised and corporate earnings are better than expected.
In the USA, corporate savings are 25% higher than the same period a year ago and consumer attitudes remain positive, as there has been a significant increase in job creation. Economic news from other parts of the globe such as Japan, and other South Eastern countries continues, whilst here in the UK, economic indications are reasonably positive, although inflationary pressures are increasing.See the full content of this document
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The View From Rathbones
The rise of fundamentalism feeding off poverty, has presented new challenges to the wor...
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