Barclays: best opportunities in mining and telecoms

Barclays Wealth research shows rising inflation already reflected in equity valuations maintaining form on large-cap defensive stocks

Equities are likely to fare better than bonds in the coming months despite inflation posing a threat to global stock markets, Barclays Wealth research has claimed. The group said rising inflation is already reflected in equity valuations and some sectors of the UK and European markets seem better able to cope with higher input prices than others. Barclays said markets seemed to have regained some of their lost confidence early last quarter as the MSCI World index rose 10%. But the upturn did not last and markets are now even lower than when the Fed intervened to save Bear Stearns. A...