31 July 2014

Weekly Market Update – week ending 18 July 2014

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weekly market updateInvestment markets and key developments over the past week

Despite initially falling in response to worries about Ukraine and the Middle East shares actually had a good week helped by favourable US and Chinese economic data, good earnings reports and reduced concerns regarding European banks. US shares gained 0.5%, European shares rose 0.4%, Japanese shares rose 0.3%, Chinese shares gained 0.6% and the Australian share market rose 0.8%. However, the geopolitical tensions saw bonds rally and oil rise. While the euro fell, the Australian dollar was little changed.

Please click here to read the full article:  Weekly-Report – 18 July 2014

The author is an employee of Verante Financial Planning in Castle Hill, Corporate Authorised Representative of Magnitude Group Limited, Licence No 221557, Magnitude Group Limited ABN 54 086 266 202.