Paul Niven, manager of the Foreign & Colonial investment trust, explains how beyond the near-term volatility and fears about navigating future interest rate rises, global equities are actually expected to excel.
It now seems clear labour markets, not just in the US but also in some other major economies, are showing significant improvement to the point where NAIRU (non-accelerating inflation rate of unemployment)...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%