fiscal policy

US infrastructure investment at a 70-year low

Industry Voice: Mike Amey, PIMCO, explains why there is a lot more to the UK outlook than Brexit, important though it is.

Most forecasts for the year ahead are not taken seriously, perhaps with good reason, writes Raphael Pitoun (pictured), CIO of Seilern Investment Management.

Barring a zombie apocalypse or a sudden spontaneous collapse in asset prices, the current Goldilocks environment of synchronized, above-trend global economic growth and low but gently rising inflation will likely persist in 2018.

Inflows of €449m

Also downgraded US growth for 2017 and 2018

Eight day of successive gains

Unable to implement his policies due to legislation

Key is understanding the effect of macroeconomics on the market

Two key issues dominate the economic and investment landscape: concern that monetary policy may be at the end of the line and prospects for the US after November's presidential election, writes Daniel Murray, chief economist at EFG Asset Management.