Global equities and other risk assets ended last week near to their high water marks for the year. Once again, markets have reacted favourably to the most important indicators for global activity, all of which have been published in the past week.
There have been some signs that higher oil prices have dampened consumer spending in the US, and the global industrial sector has given further evidence of reaching its peak growth rate. But so far any slowdown has been very minor, and not enough to persuade markets that this is anything more than a temporary correction.
In my regular weekly round-up this week, I will comment on the implications of recent data for the major economies. Read more