Castlefield's Market Insight - May 2015
May 16/05/2015

The first quarter of 2015 saw further gains across equity markets as investors responded to the combination of stabilising energy markets and a European Central Bank (ECB) clearly set on implementing policy moves to avert the threat of widespread deflation. This latter point is particularly crucial given the continued pressures in the Eurozone periphery, where ratios of government debt to GDP remain elevated and where the risk of a generalised and widespread fall in prices is something the ECB is determined to try and avoid.

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