Lack of direction in the UK market

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The main concern for the future growth of the global economy has for some time been the direction of...

The main concern for the future growth of the global economy has for some time been the direction of US interest rates and the threat of a hard landing in the US. The repercussions for global markets would be significant if growth in the US economy fails to moderate, interest rates rise significantly and the economy is tipped into recession. That said, global economies are generally buoyant and inflationary pressures are still weak, which is a favourable background for markets. Investors are increasingly discriminating in their choice of stocks after the extreme activity of the first h...

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