Free stock tips : The threat of a Greek exit from the eurozone drained investors' confidence in the 2nd Q(quarter) of current year, causing fund sales in Europe & the US to falter. Investors' appetite for latest fund allocations was also blunted by a sharp correction in China's stock market and uncertainty about the timing of a US(United states) interest rate increase.
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Nick Nelson, head of European equity strategy at UBS, the bank, says: "Greece undoubtedly sapped confidence & it was not resolved before the troubles in China's stock market started. Investors have been questioning whether the slowdown in China & other emerging markets will derail the recovery in the US and Europe."
The stock market of US(United states) strikes an all-time high in May but equity prices eased back as the 2nd quarter progressed amid concerns about high company valuations.
The stock market of US(United states) strikes an all-time high in May but equity prices eased back as the 2nd quarter progressed amid concerns about high company valuations.
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