MARKET INTELLIGENCE – 09.07.07

Macroeconomics

The main focus of interest over the past few weeks has been the futile terrorist attacks in the UK. After a fairly long period of tranquillity in the Western world, the terror threat raised its ugly head once again and reminded us all of the latent risk we are facing, wherever we may be. However, the financial world seems to be quite used to it now and the global markets didn’t really react too much. They quickly returned to normal business and soon busied themselves once again creating virtual wealth through mergers, acquisitions, take-overs, etc. The stock markets are continuing  to yo-yo and the markets in China, in particular, are highly volatile at present with movements of 3-5% in a day being nothing unusual.

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