Positive outlook for global markets

By Steve Cleal, head of balanced funds at Morley Fund Management Investors in global markets have had to navigate some choppy waters this year. Their confidence has taken a pounding from a number of factors, including a stream of controversies surrounding accounting irregularities and malpractice at US companies and worries about the prospects for earnings. A stream of weak economic data releases in recent weeks has fuelled fears the US economy is heading for a second bout of recession; the so-called double dip. Bond markets benefited from the turmoil in the equity markets, sur...