Global markets make grim start to the week

Global markets make grim start to the week

Excerpt from article featuring Horizon Investments’ Greg Valliere

Markets around the world were awash in red on Monday as global uncertainty spooked nervous investors.

Investors are looking ahead to a policy announcement later this week from the U.S. Federal Reserve, which could hike interest rates. The Bank of Japan is also due for a policy announcement mid-week.

On top of that, there is the looming possibility of turmoil in Europe next week if the U.K. votes to leave the European Union.

“A major reason why investors have sought a safe haven in fixed income is the potential earthquake in the U.K. on June 23,” wrote investment strategist Greg Valliere of Horizon Investments in his Monday morning note.

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