Euro gloom masks surprise global growth

The worsening eurozone debt crisis is overshadowing more encouraging news from outside the region, including better than expected growth rates, said Darwin's David Jane.

The manager of the Darwin Multi Asset fund said the market is only looking for bad news at present, but once the problems in the eurozone settle down, more positive data seen in other parts of the world will move into the spotlight. “Once the distraction of the eurozone abates, attention will focus on the true underlying strength of the economy and the high rates of inflation prevalent in much of the world,” he said. Economic indicators from the UK, US and China are encouraging, he added. “Outside of the eurozone, there is increasing evidence that growth is improving. “While bett...