Recovery forecasts aid rise in global markets

Improving market sentiment has driven all the key global markets upwards in the last month, as expectations of a recovery begin to gather strength. The UK performed broadly in line with the global economy during October's upswing, posting growth of 4.2% compared with a 4.8% rise in the US equity markets, according to Michael Karagianis, head of global strategy at Aberdeen Asset Management. 'All the markets are reacting to the same sort of news and expectations. First, the expectation that we are nearing the end of the economic downturn and, second, the decline in risk as a result of...