Monthly Archives: July 2013

Markets Fast Approach the Doldrums

photo (7)Markets were mixed again last week, with the S&P 500 Index ending the week unchanged, the Eurostoxx 50 Index rising 0.9% and the MSCI Emerging Markets Index rising 1.2%. The rally in EM was largely driven by China (plus 3.2%) which continued its rebound, driven by more signs of policy evolution, especially in the financial sector. For its part, Russia ended the week negatively, weighed by declining trading volumes, weaker oil prices and an element of lingering political concern.

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