A family business
This year has seen European and Japanese stock markets rise sharply and the US and UK markets lag behind. Bond markets rallied strongly in January but have since pulled back as deflation fears have receded.
The news on Greece is constantly changing and it is easy to get lost in the detail. Having returned to neutral on European equities in April after taking profits from the rally, we are looking for an opportunity to increase our exposure to European equities again.
After a brief fall into deflation in April, it was announced last week that the UK has returned to inflation of 0.1%. This is largely as a result of the easing negative impacts of supermarket price wars and travel costs. The rate of inflation remains very low but is exp...