Investment Commentary – December 2014

December 3, 2014

Global markets were given a further boost in November as the People’s Bank of China unexpectedly lowered their one-year deposit and lending rates. This was unanimously viewed as a positive as the controlling central bank of the worlds’ second largest economy has added its contribution to the global stimulus efforts. This was enacted in tandem with further expansionary moves from Japan, as Prime Minster Abe took the decision to postpone the scheduled sales tax increase, from 8% to 10% and due next October, as November GDP data confirmed Japan has fallen into a technical recession. Abe also dissolved the lower house of Japan’s parliament and called a snap election in December in a move designed to act as a public referendum on the Prime Minster and his economic stimulus measures, dubbed ‘Abenomics’.

Investment Commentary December 2014

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