In 2020, five people will enter the growing global middle class every second, reinforcing the secular, long-term appeal of discretionary consumer spending, and consequently, the luxury sector.
IA Technology and Telecommunications takes top spot
Fed moves, polarised politics and a "tech cold war"
Growth still strong and valuations attractive
Volatile GDP and government shutdown dominating US
Levies suspended - but how long will US-China detente last?
Brexit deal still crucial
After an unusually calm 2017, we have seen volatility return to equities across the globe, with many markets seeing growth moderate.
Hottest summer since 1976
Amid a market that has chopped sideways so far in 2018, the stocks of US retailers have generally performed well, with a number of major name department stores and retailers seeing positive movement to their share price this year.
Does the US have upper hand over China?
More innovative products needed
Review of Shinzo Abe's prized policy
Foreign investors have typically shied away
Global capital has only been gradually waking up to the potency of the middle class opportunity in emerging markets, particularly in China, writes Ed Butchart, chief investment officer at Sloane Robinson.
British consumers held up well in the wake of the UK Brexit referendum last year, but signs of weakness have emerged.
Globalisation has come a long way fast, and many of the factors driving local inflation are now global in nature. But where will they go from here?