Global developments. Global equity markets ended the week on a positive note aided by speculation of upcoming policy stimulus by the ECB and hints from the Chinese PM that there might be fresh measures to underpin the 7.5% official growth target. Over the week, the S&P500 actually fell 0.5% and is now 1.1% off its recent record high. European equities rose 1.9% on the week and the Nikkei225 rose 3.3% ahead of the Japanese fiscal
The US equity market (S&P500 index) is still in an uptrend, though in recent weeks there has been a loss of upward momentum. Nevertheless, the market has been remarkably resilient in the light of recent developments in Ukraine as well as mixed global economic data. However, market corrections remain mild and brief and for the S&P500, the
Russia (RTSI +0.6% / +4.4% WoW @1,186, RUB -0.3% / +1.4% WoW @35.74). On Friday, Russian equities edged higher, as a positive tone prevailed on global equity markets.