Redwood: There is a danger global troubles will escalate further

John Redwood, chairman of the investment committee at Charles Stanley, takes a closer look at some areas of concern for investors.

The small decline in the Chinese yuan this month has so far hit commodity prices and seen people expect other price falls, leading them to expect a weaker world economy and interest rates staying lower for longer in the US and UK. The Chinese authorities are struggling to assert themselves, wanting both to liberalise markets more but not always liking the results. Meanwhile, in the east of Europe there have been developments in the IMF's two largest customers, Greece and Ukraine. Greece has decided to complete negotiations on the third bailout package, agreeing to creditors' demands a...