S&W's Lawlor: Investors struggling with 'enormous dose' of uncertainty

Warning on China and Europe

Smith & Williamson's chief investment strategist Philip Lawlor has said market uncertainty is likely to weigh on investors for some time to come.

Lawlor (pictured) said a combination of negative economic data from around the world was impacting hard on markets and economies.  “Markets and bond yields have fallen, implied inflation is in decline and we are getting a disinflationary, if not deflationary, shock.”  Speaking before the recent dramatic fall in global markets, Lawlor said events in China had exacerbated the problems for investors at the crunch point in the interest rate cycle.  Earlier this month, the Chinese central bank shocked investors by devaluing the renminbi, prompting a slump in markets across the globe, in...