Japan leading the way as global indices climb

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After global indices hit 12-month highs in August, the debate continues as to whether the rally is s...

After global indices hit 12-month highs in August, the debate continues as to whether the rally is sustainable, with many favouring Japan as the leader going forward. From March to 22 August, the FTSE All-Share rose 27.13%, the S&P 500 22.8%, the Bloomberg European 500 index 30.75% and the Nikkei 27.83%, all in sterling terms. Jim Wood-Smith, chief analyst at Gerrards, says: 'The view most commonly expressed is that the rise in share prices is no more than a summer phenomenon caused by fund managers taking holidays and leaving their juniors in charge of their funds. One broadsheet even ...

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