The week has been an interesting one. From Alan Greenspan commenting on the fact that US interest hikes should happen soon and increase relatively fast thereafter, to the Hawks calling Gordhan in which sent the mighty rand falling from R13.33 to R14.26 against the US dollar in a day. The average home price dropped 20% during the month of July in Vancouver, Canada. Oil prices have shot back up to just under $50 a barrel off the back of the news that Saudi Arabia could enforce an oil production freeze in the coming months. Mortgage applications in both the UK and the US have slowed down during the second quarter of 2016. The world’s annual monetary policy meeting, the Jackson Hole Symposium, kicked off yesterday. All eyes on Janet Yellen.
Read more in the document below:
How World Wide is the Web? | Cannon Asset Managers research