Macroeconomics

There are many political and financial issues affecting the markets. In Europe, much of the interest is focused on the refugee problem and how the European Union is going to deal with it. The initial wave of hospitality in many countries is beginning to fade as warnings about how communities will cope with the sheer volumes begin to emerge. In some countries where refugees had been welcomed, tensions are rising. Consequently, it is surprising that the financial markets continue to focus on interest rates.

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