A sheltered spot?
As summer draws to a close and we return to our desks, it is at this point in the year that we remark on what has and what hasn’t changed, realise just how much we still have to complete and brace ourselves for the shift in seasons. This year, it seems that the financial markets have been well aware of the time of year and have whipped up an early storm. Concerns about China and the lack of growth in emerging markets meant that stock markets around the world received an abrupt cold downpour. Additionally, bond markets are bracing themselves for rising official interest rates in the United States and the United Kingdom to strike and to potentially adversely affect their markets.
While some of the recent volatility in markets could be attributed to thin trading in the summer months, there are concerns about the impact of these trends, and investors — still remembering the acorn of US subprime loans that grew into a global financial crisis — are watchful. In these circumst