Please contact me for further details of this week’s Bulletin which contains the following points:

• Bank investors received a shock last week with the announcement of far reaching banking reforms by President Obama.
• The proposals see the breaking up of large banks into either commercial, deposit taking organisations or those involved in proprietary trading activities.
• Global stock markets were already nervous before the announcement with investors’ fretting over the possibility of the Chinese economy overheating and policymakers reining–in lending by domestic banks.
• The recovery in the UK continues to be tortuous with mixed economic data showing parts of the economy doing well such as motor manufacturers but a more subdued outlook for other consumer-led spending.
• Mark Evans of THS Partners explains why, despite all the worries, equity markets continue to advance and why he feels confident looking ahead.

Tags: banks, China, economy

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