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Weekly review: nothing new on markets

19 June 2015 Konstantin Meinhardt

The Fed's monetary policy and the debt talks between Greece and its creditors were the main events this week. Investors hoped for signals when the Fed starts raising its interest rate. They were disappointed as the Fed Chair mentioned that the interest rate may be hiked twice this year, but she added that the hiking of the interest rate will be gradual. The timing was not mentioned.

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Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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