Germany

Old Mutual Global Investors' Richard Buxton has warned five major trends could affect the global economy throughout September and October.

In a surprise statement, Germany's finance minister has admitted Greece will need a third bailout package.

Markets across the continent were lower in morning trading as investors reacted to heavy selling in emerging markets.

The eurozone has come out of recession, recording GDP growth of 0.3% in the second quarter to bring a record 18-month contraction to an end.

The FTSE 100 has ended three straight days of losses to move 0.9% higher, returning to levels last seen at the end of May.

PROPERTY

Mark Mobius, executive chairman of Templeton Emerging Markets Group, examines the relationship between the EM giants and frontier markets.

Mark Hargraves, senior portfolio manager at AXA Framlington (an expertise of AXA Investment Managers), reminds investors that corporate profitability, where Europe scores highly, drives equity returns, not GDP growth.

GLOBAL

REDWOOD