Ten years after the onset of the financial crisis, the global economy is showing signs of a synchronized recovery. Cyclical economic growth across the board is picking up, trade volumes are growing, corporate profits are on the rise and unemployment is falling.
India has just experienced an unprecedented monetary crisis: to fight corruption, the government decided overnight to demonetize the 500 and 1000 rupee bills. The result: a chaotic situation, which could well have a butterfly effect and wider implications for us Europeans.
European equities performed very well in April, and are again in positive territory as from the start of this year. The American bond rate climbed to 3%. Our expert Johan Gallopyn looks at the main events of the past month for equity, bond and foreign exchange markets.