Jul
05
Morning Agenda: Standard Life Fund Halts Withdrawals
BySTANDARD LIFE FUND HALTS WITHDRAWALS A sense of caution returned to financial markets as Asian stocks dropped for the first time in a week and haven assets rose, Bloomberg reports.
Stocks had climbed last week as it became less likely that the Federal Reserve would raise interest rates in the United States and more likely that central banks would add to monetary stimulus in Europe and Japan. Now Italy is considering using state funds to recapitalize its banking system, giving investors more reason to be cautious in the wake of Britain’s vote to leave the European Union…
Morning Agenda: Standard Life Fund Halts Withdrawals
