Market Commentary July 2015

Highlights

  • Equities gained in July as markets reacted positively to Greece’s  acceptance of a package of preconditions to enter talks on a new bail-out programme.
  • Bonds also gained on the Greek news as investors anticipated a longer period of low interest rates and continued quantitative easing by the ECB.
  • Commodity markets fell on concerns that the recent correction in the Chinese stockmarket may spill over into Chinese demand for basic resources.

 

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