Wyn Thomas - Axys Investment Management

Weekly Market Update 28th November 2014

FALLING OIL PRICES DOMINATE NEWS FLOW
Financial markets broadly enjoyed a strong week after the upward revision of third quarter US growth boosted sentiment, and hopes of ECB action in
the New Year gathered momentum. Another below target inflation figure from Japan contributed to expectations of further money printing. In the fallout
of the sliding crude oil price the Central Bank of Nigeria joined the fray by devaluing their currency against the dollar in an attempt to combat a
deteriorating outlook for national oil exports. They raised rates to attempt to stem outflows from the currency at the same time. Read More…..