Stocks lower on global growth concerns

Stocks lower on global growth concerns

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Stocks in the UK and Europe are down this morning following Asian markets and US futures lower. Concerns over economic growth in China was responsible for the sell-off in Asia.

In the US investors have been digesting Minutes from the US Federal Reserve’s June meeting released yesterday. The Minutes appeared to show division among officials with some anticipating the criteria to begin tapering the asset purchase program would be met earlier than originally expected.

Today, the European Central Bank will announce the results of its strategy review and is expected to revise its inflation goal to 2%. This would would make it easier to keep loose monetary policy in place for longer.

Investors will also be keenly watching for the latest US jobless claims numbers released later today.

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

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