The events that have the potential to derail markets

Following January's panic, markets staged a strong recovery from their mid-February lows following central bank action, a firming in oil and commodity prices, a clearer picture on China and US interest rates.

However, the economic outlook remains uncertain and an active investment approach, incorporating flexible asset allocation, will be integral to successfully navigating these potentially troubled times. There are many reasons to be bullish about global markets. China has clarified its position and it is not aiming at any significant currency devaluation, as well as publicly announcing its satisfaction with current growth rates. Major oil producers are acknowledging supply levels need to be addressed which has calmed oil markets, although Iran's stance remains a cause for concern. Th...