Redwood: Where are the best global buying opportunities?

GLOBAL

This summer there has been plenty of evidence of an economic revival in the advanced countries of the world, which should be a positive background for share investment.

Instead, since May, markets have fallen or marked time. As soon as Bernanke pointed out the obvious, that one day quantitative easing would have to end, markets pushed up the cost of US government borrowing. Investors sold property shares, high yield shares and others that would be adversely affected by rising interest rates. A substantial proportion of the profits recovery has been from less borrowing and lower interest rates. In May, the arrival of a new Governor for the Bank of England heralded a new phase of looser money in the UK. Mr Carney let it be known in advance of the fo...