Asian markets expect growth of 6.1%

By Philip Barleggs, head of asset allocation at Insight Investment Despite interest rate cuts in the US and Europe, equity market sentiment remains pessimistic. Several factors represent significant stumbling blocks, primarily uncertainty over Iraq but now North Korea and the health of the US economy, as well as fears that there could be more terrorist activity to come. In this environment, it is not surprising that government bonds, as the safe haven asset of choice, are likely to remain sought after despite increasingly large budget deficits. Economic activity remains reason...