Debt is a funny thing for markets. Have too little of it, and spirits sag. Share prices perform badly and investors worry there will be insufficient growth.
Nick Mustoe, chief investment officer at Invesco Perpetual, says attention has now shifted from global tensions to optimism about the US economic recovery.
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.