RATE SPECULATION SIMMERS OVER US DATA
Another rather uneventful week as the US Federal Reserve continued to be elusive in Wednesday’s meeting regarding a September rate rise. Markets have as ever been over analysing minute details, forgetting that when the first hike comes is not nearly as important as how frequent and large the following raises are. The situation in Greece also appears to be trudging along its perilous path, soon to have been forgotten until the next cash shortage arises. It seems the lack of market-moving news has focused speculation on Emerging Markets, with persistent Chinese market volatility and the commodity slow down dragging broader EM equities down. Read More…..