Global Market Review March 2013
A stronger US economy offset a seemingly irrelevant Europe during the first quarter. With the rolling European fiscal crisis having spread to Cyprus, this produced little effect on investors unable to find the tiny eastern Mediterranean country on a map. The S&P500 index rose 3.6% for the month and 10.0% for the quarter, following the Dow into record-high territory. The S&P500 closed at 1,569.19, breaking the previous closing record of 1,565.15 set on October 9th, 2007.The Nikkei 225 index continued to surge, gaining 7.3% on the back of a weakening Yen, and is up an incredible 19.3% for the year.  03_2013_CFAL_International_Economic_and_Market_Overview-1 Click here for full Global Market Review

CFAL, Third Floor, 308 East Bay Street, P.O.Box: CB 12407, Nassau, New Providence, The Bahamas. Tel: 242-502-7010