The Economic Update – April 2014
Summary of the April 2014 FSP Economic Update
Financial markets remained volatile through March. Continued poor data in the US and China, in part reflecting weather and Lunar New Year holiday distortions, left market participants awaiting confirmation that the broad macroeconomic themes expected for 2014 remained in place.
The uncertainty created by the poor data flow saw investors move to take profits in sectors that had outperformed over the past year, especially some developed market equities.