Prospects for investment markets, particularly in the East, have turned a corner
As market participants return from their summer vacations to catch up on the developments in world markets, they could be forgiven for wondering, briefly, if they were still daydreaming on the sunny beaches of the Mediterranean. The doubts about the pace of world economic growth which dominated investment earlier this year are a thing of the past, deflation is hardly mentioned any more, and the MSCI World Index is up 31% in US dollar terms from the March lows. The investment climate has undeniably been a favourable one for equity investors, and this looks set to continue in the short term...
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