Markets rebound as investors re-discover their appetite for risk
Global stock markets rebounded last week, enjoying one of their best weeks for more than a month. Sentiment was buoyed by solid first quarter company earnings, upbeat German business confidence surveys and much better-than-expected Spanish and French government debt auctions.
Not that concerns over Spain’s longer-term problems have gone away – yields on the country’s sovereign debt remained stubbornly above the 6% level, indicating ongoing worries by investors.
Also in this week's bulletin...
- Despite last week’s rally, investors are seeking assurance that the strong performance posted by global equity markets in the first part of 2012 is sustainable and all eyes are on Wall Street as first-quarter earnings reports are posted.
- With many of the eurozone countries facing presidential or parliamentary elections in the coming months, Mohamed El-Erian of PIMCO discusses the likely impact on markets.
- As the debate over whether or not the Fed will instigate QE3 rumbles on, some of Wall Street’s heavyweight investors appear confident that the answer is ‘when’ rather than ‘if’.
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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