Market Monitor
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Updated: 20th May 2013 In another strong week for equity markets the US S&P 500 index surged to a new record high. Data that showed US consumer sentiment at a six year high boosted stocks and helped the dollar to maintain its recent upward momentum. Indeed, the US dollar hit its highest level against a basket of currencies since 2010. The Japanese stockmarket continued its extraordinary performance, reaching its highest level since December 2007. A weekly rise of 3.6% means the Nikkei index’s year-to-date return is now 45%. Yen depreciation continued as it fell to a four year low versus the US dollar. As the dollar rose, the gold price headed in the opposite direction; falling by $90 over the week. While macroeconomic data in the US was a mixed bag, data from the eurozone was generally gloomy last week. Most notably, Germany recorded growth of just 0.1% for the first quarter. However, stocks in Europe performed well and the Eurofirst 300 hit a five year high. Important information: This update is intended to be for information purposes only. Market Monitor by
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Financial Advisers
Jonathan Walker
Jonathan is the director and joint owner of the Pension Drawdown Company.
Christopher Hill
Christopher is a Chartered Financial Planner, Certified Financial Planner and Fellow of the Personal Finance Society.
Bob Diamond
Bob is a Pension Specialist who has been with the company since its incorporation in 1996. Bob has been a financial adviser since 1989.
Andrew Ross
Andrew is a diplomaed financial adviser with a history in banking.
Roger Easterbrook
Roger is a diplomaed financial adviser with a background in Executive Search.
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Summary
The Pension Drawdown Company specialises in providing advice on all aspects of pension drawdown and investments.
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The Pension Drawdown Company Ltd is an Appointed Representative of TenetConnect Limited which is authorised and regulated by the Financial Services Authority. TenetConnect Limited is entered on the FSA register (www.fsa.gov.uk/register) under reference 149826. Registered in England and Wales No. 3871848. Registered Office: 2nd Floor Stratus House, Emperor Way, Exeter EX1 3QS. The information and content of this website is intended for UK consumers only and is subject to the UK regulatory regime.
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