Outlook for Investment Markets
The intensification of the latest round of the ongoing Eurozone debt crisis has had a major impact on financial markets, government bond yields falling back to very low levels as nervous investors sought shelter, and sharemarkets enduring sharp setbacks. The outlook for a Eurozone solution remains highly uncertain, and more volatility looks likely. That said, an overemphasis on Europe risks missing ongoing growth in other parts of the developed world and the strong growth of the developing countries.
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