Market Bulletin 29th April 2010
This week’s Bulletin which contains the following points: Greece’s economic woes moved once more centre stage but this time with an air of finality ? its premier, George Papandreou, was forced to ask for emergency EU and IMF aid to stave off collapse. Although reassured, global financial markets were underwhelmed with investors keeping a wary eye for other potential sovereign defaults. More positively corporate and economic news from the US was better-than-expected enabling Wall Street to move ahead decisively, much to the cheer of investors. Here in the UK the flow of economic news was less positive ? the ONS said growth shrank to 0.2% in the first quarter of the year and inflation rose more than expected. A hung parliament seems to be priced into the market and should there be a decisive outcome then global investors appear indifferent as to whether it is a Labour or Conservative government. Global Emerging Market fund manager Jonathan Asante explains why he is wary of the BRIC economies and opting to look further afield to invest. For full details of this weeks bulletin as well as our special investment reports and fund managers monthly review, please click on the following link http://www.sjpp.co.uk/special.php?page=bulletins&site=aca
This was posted in Bdaily's Members' News section by Geoff Bowman .
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