Latest from the Fed indicates that QE3 is less likely
Equity markets stuttered on the news that the third round of quantitative easing (QE3) in the US looks less likely and commodities also suffered a difficult week with gold, silver and copper all falling as a consequence of the US dollar strengthening.
Oil prices eased after the largest two-week rise in US crude stocks in more than ten years and prices fell to their lowest level for almost two months; whilst in the UK, Brent crude slipped to $123 per barrel.
Falling oil prices will be welcomed by US President Barack Obama as rising petrol prices, alongside unemployment, have become an important battlefield in the US presidential race.
Also in this week's bulletin...
- Recent data supports the view that the outlook for the UK economy is positive, reducing fears that Britain could face a double-dip recession.
- The investment team at Schroder Investment Management explains how their ‘value’ style of investing is finding plenty of opportunities and their strategy for investing in out-of-favour sectors of the market offers the potential for good returns for long-term investors.
View this week's Market Bulletin, which contains thoughts and opinions of St. James’s Place and our range of investment managers on the key issues affecting investors.
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