Q2 2015 Market Overview – Bracing for Volatility

Global equity markets drifted sideways during most of Q2 as economic data confirmed expectations for improvement in Eurozone economies and in U.S. growth
after a weak first quarter, which was blamed on very cold weather and labor disputes that slowed shipments at west coast ports. The only global equity market drama occurred on the last days of June when Greece’s negotiations with European creditors broke down after Prime Minister Alex Tsipras insisted the Greek people vote on bailout terms and Greece missed a scheduled payment to the International Monetary Fund (IMF). Global markets were shaken as investors had expected a last-minute compromise and the quarter ended with downside volatility.

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