Weekly Market Update
St. James’s Place Wealth Management (SJP) is a FTSE 250 company with £30.9bn of client funds under management. Through a dedicated network of advisers, the partnership, they offer face-to-face wealth management advice, which is tailored to meet individual circumstances.
Investors in Excellence is a customer of SJP and we are delighted to share the weekly market update which we find most valuable
Please find attached this week’s Bulletin which contains the following points:
Equities: where next?
Investors have experienced a return of market uncertainty in recent weeks. Global equity markets have been subjected since late May to a level of volatility last seen in the aftermath of the financial crisis of 2007-2008. Following a seemingly continuous rise in equity prices since the beginning of 2013, investors have recently had to get used to very different daily news stories.
Equity markets have risen over the past 12 months on signs of recovery in the global economy and central bank action. A slow but definite improvement in the global economy, particularly in the US, is now emerging. And crucially, in the short term, central bankers have taken concerted and radical steps to avert an economic crisis to follow the financial woes of 2008/2009.
Trillions of dollars of liquidity has been pumped into developed economies over the last year, as central bankers take unprecedented steps to ensure recovery, from European Central Bank president Mario Draghi’s promise in June 2012 to “do whatever it takes” to protect the eurozone, to the Bank of Japan unveiling its quantitative easing programme in April. The most significant, of course, has been the US Federal Reserve’s commitment to pursue its $85bn-a-month asset purchase scheme.
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