Recent data releases continue to suggest the key economies are recovering, with the consensus view f...
Recent data releases continue to suggest the key economies are recovering, with the consensus view for US growth in 2002 rising to 2.1% from a predicted 1% growth at the end of last year. Michael Deakin, chief investment officer at Clerical Medical Investment Management, says accelerating growth combined with a continuing strong liquidity background should provide a favourable environment for the US equity market. Chris Tracey, global strategist at JP Morgan Fleming Asset Management, also notes improved growth but believes US equity valuations are too high to offer much upside potentia...
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