GDP

Mansfield Mok, the manager of EFG Asset Management's New Capital China Equity fund, has been snapping up cheaply valued Chinese banks, encouraged by the country's new leadership's plans for reform.

For the past 12 months and much of the past two years, two issues dominated investor mentality, at least when it comes to macro-related thinking: one is the US and the other is Europe.

GREEK DEFAULT

A leading thinktank has urged the government to take drastic steps to stimulate economic growth in the UK, as another forecast a 50/50 chance of a triple-dip recession.

Business secretary Vince Cable has said the UK could see a triple-dip recession, and event a Japan-style 'lost decade' of zero growth.

The ECB has cut growth forecasts for next year as President Mario Draghi warned of a continued gloomy outlook for Europe in 2013.

Robin Geffen, CEO of Neptune Investment Management, has warned bond investors should be bracing themselves for severe losses when the interest rate cycle turns.

The Office for Budget Responsibility (OBR) has downgraded its outlook for the UK economy.

The US economy grew 2.7% in the third quarter of the year, a significant upwards revision from the first reading of the data.

UK GDP growth for the third quarter of 2012 has been confirmed at 1% by the Office for National Statistics in its second official reading.