This market commentary has been produced by the Investment Management team at Hanson Asset Management.
The most significant events in many parts of Europe during May were elections. In the UK, the Conservatives won an outright majority in the General Election. This was seen as a surprise by many commentators and taken favourably by the Bond and Equity market as most commentators, flummoxed by the polls, were expecting another coalition. However, not everything will be plain sailing as investors will begin to concern themselves with the promised ‘In or Out’ referendum on Europe. There is no doubt this will be hotly debated and Mr Cameron will have to achieve some concessions and reforms from the EU if he is to appease his backbenchers and other Eurosceptic bodies.
The full report can be downloaded here.
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