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Summer of discontent within the year of validation

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Summer of discontent within the year of validation - PowerPoint PPT Presentation


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Market Review & Outlook August 2014 template client slide. Summer of discontent within the year of validation Portuguese Banks, Russia/ Nato , Iraq, Argentina Sufficient earnings growth and improving GDP growth But...equity markets expensive, volatility low

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Market Review & OutlookAugust 2014 template client slide

  • Summer of discontent within the year of validation
    • Portuguese Banks, Russia/Nato, Iraq, Argentina
    • Sufficient earnings growth and improving GDP growth
    • But...equity markets expensive, volatility low
  • UK growth remains strong, wage growth weak
  • In Europe a fragile recovery remains on track
    • Positive on Europe but dependant on ECB support
  • US growth is stable with good employment growth
  • Emerging Market challenges remain