The US will continue to be Schroders' market of choice in 2009 as it could be one of the first to emerge from the current economic crisis, according to chief economist Keith Wade.
He believes the US could come out in front partly as a result of the determination of the Fed to improve the monetary environment by aggressively cutting interest rates and introducing various measures to improve liquidity in the markets. However, Wade remains neutral on UK equities, saying the recent weakness in sterling and the likelihood of further interest rate cuts should provide some support to the deteriorating economy. He also expresses his concerns about global emerging markets saying they remain susceptible to further weakness in the global economy as well as falling commodi...
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