The downing or otherwise of the Air Malaysia airliner in Eastern Ukraine has sent an initial wave of concern around financial markets with most major Equity markets making modest initial losses. In the US as much attention was paid to the Israeli incursion into Gaza as an escalation of that domestic conflict hit the headlines. Neither will derail the global economic recovery presently underway but will of course prey on the sentiment of financial markets and we expect to see a few days of market volatility but unless there is a significant expansion of the two conflicts as a result we anticipate no change in our market expectations.
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US Fed On Interest rates And GDP
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