The UK commercial property market continues its recovery and remains in a buoyant phase. According to Aviva Investors' analysists, market sentiment and pricing momentum have already improved considerably and transactions are frequently taking place at prices well above valuations. You can read their latest report here.

The Aviva Irl UK Property Fund continues to reflect this growth with growth of 6.57% to end of June 2014 and one year performance of 19.12% (Source: Aviva Investors 01/07/2014)

• The European Central Bank meeting kick-started the month of June with an announcement of a rate cut leading to effectively negative interest rates in the euro zone economies. This is expected to stimulate growth in the region by forcing banks to increase credit offtake.

• The US Federal Reserve now expects the US economy to grow only at a pace of 2.2% for this financial year as opposed to an earlier estimate of around 2.9%. Moreover, the armed unrest in Iraq is causing jitters across financial markets, one of the fallouts being high crude prices, which is a negative for risk assets such as equities.

• Data from global funds tracker EPFR shows that flows into EPFR Global-tracked US equity funds jumped to a three-month high by mid-June. Overall, the funds tracker showed that equity funds raked in flows, whereas bond and money market funds saw outflows. Hence, the outlook for risk assets remains positive.

• As incremental data from China on growth came in positive, inflows to dedicated China equity funds also improved.

• Despite the pick up in gold prices, EPFR tracked commodities funds continued to post outflows.

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