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Month in review: Macroeconomic uncertainty holds sway in May

Month in review: Macroeconomic uncertainty holds sway in May

Uncertainty, both political and economic, was a key theme in May, as elections in Greece and Turkey, an unusual period of calm in Italian politics, and a subdued 'rebound' in China's economy, coupled with brinksmanship over the US debt ceiling, and question marks over the direction of central banks' interest rate policies, all contributed to another month of market instability.