Deutsche predicts rise in world stock markets

Stock markets should rise significantly over the next year, according to Stephen Bell, economist at Deutsche Asset Management. Bell said a lot of good news is being overlooked at present. 'World recovery is underway, the profits outlook is good, investors are too negative on Japan and emerging markets look good value.' He said it is only in Europe, where there are some big decisions on European Union expansion, that the outlook for growth is flat. He said it is hard to explain why global markets have been so weak and are back to the levels they were five years ago, adding it is defin...