China

Nick Mustoe, chief investment officer at Invesco Perpetual, says attention has now shifted from global tensions to optimism about the US economic recovery.

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Chinese inflation has reached a peak, according to Jupiter's Philip Ehrmann, who also believes monetary policy is likely to become more relaxed in the second half of this year.

Inflation will not be a serious problem in China in the second half of this year as the economy begins to cool, said Goldman Sachs' Jim O'Neill.

Consumer prices inflation in China eased to 5.3% in April, down from a three-year high of 5.4% recorded the previous month.

In March China published its 12th five-year plan. The word ‘plan' has been adjusted to take into account the growing role of the private sector in economic growth.

Neptune manager believes unpredictable energy prices pose near-term inflation problem

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