Outlook for Investment Markets
Financial markets were dominated by worries in August, so government bonds were in very strong demand and equities out of favour, mostly because of data suggesting the United States at risk. But confidence improved in September as the data indicated only a modest US slowdown, and the pattern reversed, with equities (and listed property) rallying strongly and bonds selling off. The story of global economic recovery is still intact, underpinned in particular by very strong growth in the major emerging markets, supporting growth-linked assets.
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