Investors should focus on company news and not macroeconomics, according to Colin McLean, founder of SVM Asset Managment.
He noted that great faith was being placed on the potential for economic recovery, underpinned by falling commodity prices and the prospect of interest rate cuts. However, McClean questioned whether investors were right to anticipate recovery quite so soon. He said: "The key to a sustained recovery will be more clarity on company trading and signs that intervention by the authorities is working. Certainly, the policy response on both sides of the Atlantic has been strong, with liquidity support and some help for the worst sectors. Only the spectre of inflation has delayed UK interest rat...
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