Investors await effects of governments' fiscal stimulus measures

The market continues to make good progress against a background of significant equity issuance, high...

The market continues to make good progress against a background of significant equity issuance, higher bond yields and poor economic news. Clearly something has changed in the short term, but what? And can the market continue to advance over the summer? Most of the recent gains can be put down to an improvement in sentiment. Domestically, there have been pockets of better economic data, but key metrics such as unemployment and house prices continue to deteriorate. Globally speaking, an enormous amount of stimulus has been unleashed and investors have started to look forward to when this s...