Dark clouds over Westminster – Werthstein index continues to rise
British Prime Minister Theresa May had imagined things differently. She wanted to get support from the British public for the negotiations on leaving the European Union. Now she has got the yellow card, and has to work with partners. This makes governing more difficult, and complicates the Brexit process.
The British pound has fallen, while the stock markets are still relatively calm in response to the election. Investors are now focussing on the meeting of the US Federal Reserve next Wednesday. A rise in interest rates seems to be a done deal, but will Fed Chairman Janet Yellen increase the pace of tapering? And how dangerous is the new crisis in the Middle East for the financial markets?
Despite political uncertainties, stock markets seem calm. But while there are new all-time highs on Wall Street and DAX, the markets have lost momentum. The Werthstein index continues to rise, but caution is still required. Click here for the video!