Investors' risk appetite has continued to improve in recent months as the major developed economies seem to be emerging from recession and signs of a stabilisation in global economic activity increase.
Fidelity manager discusses opportunities in the US following March market lows
China's Q3 GDP figures released on Thursday show the country's economy is on a sustainable path, says J.P. Morgan Asset Management's Geoff Lewis, who believes wide scale fiscal tightening is still far off.
The UK economy is still in recession, official figures have revealed, with GDP falling 0.4% between July and September.
China has caught a lot of investors by surprise over the past 12 months.
Just as there is a two-speed Europe, it often seems, economically, Asia moves at two different speeds.
With markets rallying dramatically, investors' confidence has clearly rebounded as the threat of a potentially global depression lifted.
F&C's Gareth Morgan says Russian President Dmitry Medvedev may have underestimated the country's recovery, with the manager predicting GDP growth in excess of 5% next year.
The Bank of England today kept its key lending rate at a record low of 0.5%.
Eastern European equity markets have risen strongly this year.