Ladies and Gentlemen

 Please find attached this week’s Bulletin which contains the following points:

• The unravelling of Greece’s economy continued last week and overflowed into the Spanish and Portuguese bond and stock markets as investors fretted over the chances of sovereign debt default

 • However, the EU indicated that it would support the Greek government and dismissed any likelihood of an IMF bailout

 • The problems of the eurozone’s most fragile economies was enough though to worry investors around the world and most major stock market indices suffered falls

 • The US dollar and US Treasuries benefitted as investors flew to quality

 • US job data whilst positive, left the immediate outlook unclear for the world’s largest economy and here in the UK there are signs of increased job recruitment

• The Bank of England’s decision to withdraw its policy of quantitative easing caused little reaction in the gilt market with prices unmoved

• John Wood of JO Hambro explains his approach to investment and how he picks stocks for his portfolio

For further details please contact me on 07971 462558 or follow the link below :-

http://www.sjpp.co.uk/joannehill/

Tags: economy, IMF bailout, investors, quantitative easing, sovereign debt default

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