“Most asset classes showed growing trend in July. Investors enjoyed positive economic surprises in the USA and Europe throughout this month. Major central banks took a wait-and-see approach. As a result, many assets gained as investors reassessed timing of monetary policy normalization. The FOMC left interest rate unchanged citing growing uncertainty in the world due to the “Brexit”. The ECB took observer position and also left key interest rate unchanged”, note the experts.
“Currently, the monetary policy is a key factor that influences financial markets. However, July may appear to be the month, when market’s focus will start to shift towards fiscal policy”, consider experts.
It’s also said, that China showed better than expected economy growth in the second quarter of 2016. Meanwhile the U.S. economy growth in the second quarter was worse than expected. However, the decline seems to be temporary, and improvements are expected in the next quarter. Traditionally, corporate America starts to provide information about financial performance at the end of July. Earnings of already reported companies positively surprised investors.
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If the country withdraws from the EU, many thousands of companies incorporated in Britain are very likely to leave their legal motherland. And a certain share of this business can be bid for by Latvia.