Japan is back. Abenomics may not have fully delivered on its much vaunted promises, but the Japanese economic growth engine is steadily springing to life.
Market participants had been looking to Fed Chair Yellen’s testimony on Capitol Hill for any clear indication that the Fed had increased confidence in the path of interest rate hikes and in announcing the timing to start the process of running down their $4.5 trn balance sheet.
After 12 months in the departure lounge, Brexit negotiations have started. The Brexit process was always going to be complicated, but the hung parliament, the need to maintain an amorphous government with the DUP, and possibility of cross-party negotiations form an extra ‘speed bump’ on a journey that could take way longer than the two years hoped for by Article 50.