Economic OverviewGlobal equity and bond markets offered generally solid returns despite the late quarter uncertainty generated by the United Kingdom’s referendum result in favour of leaving the European Union.The economic news was mixed in the quarter. In the US, the Federal Reserve left its official interest rates unchanged in June, saying before it increased interest rates again it needed to see clear signs of economic strength before. US GDP grew at an annual rate of 1.1% in the first quarter. China in April reported annual GDP growth of 6.7% for the first quarter, representing a continuing slowdown from growth rates…