Institutional investors face the last months of 1999 with a worrying combination of rising interest ...
Institutional investors face the last months of 1999 with a worrying combination of rising interest rates, rising commodity prices, rising growth and uncertainty about inflation. A sharp correction in the US market after stronger than expected inflation data has added to anxieties about the century date change and how to position for a possible bounce early next year if investors' worst fears are not realised "It would seem wise to go into the final months with a pretty flat book, or tactically neutral weighting," says Roger Hirst, strategist at Dresdner Kleinwort Benson. "The extent to wh...
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