Weekly Market Outlook June 8, 2014
Weekly Market Outlook:
Pfäffikon SZ, Switzerland – As expected, the European Central Bank caused some volatility last week. Most global stock markets reached all-time highs again. The Russian Micex also made up lost ground, and as it seems, there are more price gains in the offing.
After all, Ukraine’s “chocolate king” Petro Poroshenko had a short meeting with Vladimir Putin in France last Friday. Next week will not be a lively trading week for investors. The markets have to wait for company figures until about mid-July, and on the macroeconomic front, there are no hard ‘market movers’ on the program.
This material is communicated on June 8, 2014 by Thirteen Asset Management AG, Rietbrunnen 20, 8808 Pfäffikon SZ, Switzerland. This material is for information purposes only and is not intended to be a solicitation or invitation to invest. Any organizations or products described in this material are mentioned for reference purposes only. This material is intended only for investment professionals and professional clients and must not be relied upon by any other person. It is proprietary information of Thirteen Asset Management AG and may not be reproduced of otherwise disseminated in whole of in part without prior consent from Thirteen Asset Management AG. Alternative investments can involve significant risks and the value of an investment may go down as well as up. There is no guarantee of trading performance and past or projected performance is not a reliable indicator of future performance. We recommend to consult your bank, investment and/of tax adviser.
