Money Matters 6th June 2018
In a holiday shortened week for the US and UK, a veritable smorgasbord of news flow buffeted markets. From a general sense, two of the most prominent recent headwinds for the market (US rates and the oil price) may now start to cool. With respect to the former, hikes will likely continue this year, but FED rhetoric may turn more dovish as the FOMC digest the effects of their tightening and the ageing cycle. Indeed, slowing but still above trend growth, Europe is likely to see the ECB pause for thought as well.