Free Sign Up Already have an account? Fears shane chin forex Brexit’s global impact look to have been wildly exaggerated.
Over the past week the rally in shares generally continued with US and European shares up slightly, solid gains in Japanese and Australian shares but a fall in Chinese shares. A combination of good economic data, good US profit results, the absence of a major negative impact outside the UK from Brexit and talk of more policy stimulus in parts of the world are continuing to help. GDP albeit it depends how many years it is spread over. If as we expect it’s focussed on encouraging consumers to spend more then it should have a reasonable chance of success. NZ looks to be heading for another rate cut.
RBNZ has clearly set the scene for a rate cut next month. The IMF downgraded it global growth forecasts to 3. Brexit risks – but hardly a surprise. It must often strike the ordinary investor as weird that much fanfare is given to the IMF downgrading its growth forecasts but share markets seem to largely ignore it. Not to worry that they were Michelle Obama’s.