The Markets

The second quarter offered a level of drama often found in homes with teenagers. 

When investors realised their good friend, quantitative easing, might have an earlier-than-expected curfew in the US, they threw a hissy fit that resounded through global markets. The outburst interrupted the trajectory of FTSE and the Standard & Poor’s 500 Index, which finished June lower after hitting highs in May. As stocks fell, yields on the benchmark 10-year government bonds hit a high.

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