US Economic Data Boosts Markets
Published / Last Updated on 28/03/2013
US Economic Data Boosts Markets.
Surprise figures from the US, where economic activity increased by 0.4% for last 3 months of 2012, has today sent markets upwards.
Cypriot banks opened with little trouble, although we see long term withdrawals continuing and the US economic figures gave a positive spin on the day.
- At the time of writing (4pm UK).
- UK markets are up 0.77%
- Germans 0.32%
- France 0.85%
- And US, only open for a few hours so far up 0.13%.
Our view
The yo-yo that has been financial markets for the last 10 years continues although we do expect sustained equity market growth this year.