Independent Financial Life Planners Bishop's Stortford: MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Monday, 6 June 2016

MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Global equity markets – with the exception of the FTSE100 – continued their three-month recovery.

Having itself recorded three months of gains, the FTSE100 drifted on the last day of the month by 40 points to close down marginally 0.18% at 6,230.8. This late dip was attributed to ‘Brexit’ fears as polls indicated the leave campaign taking a small lead for the first time. The FTSE250, however, rose by 2.28% to end May at 17,184.7, whilst the junior AIM market also gained 1.62% to 739.5.

Across the pond the Dow Jones marked time, rising a nominal 0.08% to 17,787.2 as market watchers analysed the latest missives from The Federal Reserve regarding the direction and timing of any interest rate rise. The technology based Nasdaq closed the month at 4,948.05 to show a rise of 3.62%.

On the continent the Eurostoxx50 also recorded its third month of improvement, lifting 1.16% to 3,063.48, again with all eyes here on the UK’s ‘Brexit’ referendum campaigns.

The Japanese market saw the Nikkei225 recover strongly, ending May at 17,234.98 for a rise of 3.41%

The currency markets were sanguine in May with Sterling unchanged against the US Dollar at $1.45, but up 2.36% against the Euro at €1.30. The Euro also weakened by 2.63% against the greenback to $1.11.

The price of oil (Brent Crude) continued to improve as the lack of a decisive production quota policy from the Organisation of Petroleum Exporting Countries (OPEC), terrorist action in Nigeria and Canadian bush fires dampened global output somewhat. At $49.51 a barrel ‘black gold’ rose 4.47% in the month and now sits up 35.12% over the last three months.

Gold meanwhile lost its sparkle, dipping 6.01% in May to $1,215.15 a Troy ounce.

Issued by: Enable Independent Financial Life Planners •  25c North Street, Bishops Stortford, Herts CM23 2LD • Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.