Hedge funds investing in Europe have remained jittery during the past seven days, with caution evident in Greek, Spanish and Portuguese indexes.
Hedge funds investing in Europe have remained jittery during the past seven days, with caution evident in Greek, Spanish and Portuguese indexes.
Nick Serff, market analyst at City Index, attributes the fact that the markets have ended up in positive territory only due to a solid opening on Wall Street.
He suggests that the appetite for risk is currently very low and highlights the fact that people are waiting for more economic information to be released.
“Investors continued to remain nervous over European sovereign debt troubles, with bank and insurance shares leading the earlier reversal,” he asserted.
Mr Serff added that a snap back in the prices of both gold and oil have allowed the euro to regain some of its overnight falls.
Oliver Gilmartin, senior economist at the Royal Institution of Chartered Surveyors, recently asserted that the UK is drawing in hedge funds looking at commercial property due to the weak sterling.
