Markets

It was not that long ago I found myself writing for this column and since then it feels like markets have been running on slick tyres in the wet; in other words, working quite hard without much progress, and conditions proving to be quite dangerous and...

What started as a valuation-driven rebound following the excessive de-rating of Asian equities in late 2008 has generated additional momentum on the back of more compelling evidence of an economic turnaround.

The Dow Jones held its level in early trading today, despite worrying results from Morgan Stanley.

The Dow Jones was up 50.03 points (0.57%) at 8898.18 this afternoon, following a volatile start to trading as US Federal Reserve chairman Ben Bernanke forecast unemployment would remain high into 2011.

On Wall Street, the Dow Jones followed gains in stock markets across Europe.

The market lows of early March were followed by a swift turnaround in risk appetite, fuelling a sharp rally in equity and credit markets in April and May, ahead of some profit taking in June.

There have been two events within the multi-manager sector of the market occurring in the last two weeks - both quite different in nature - that are equally important and point a way forward for advisers.

The Dow Jones slipped in early trading on Thursday after posting some of the biggest gains of the year just 24 hours earlier.

Rathbones Unit Trust Management CIO Julian Chillingworth and S&P global equity strategist Alec Young debate the outlook for the global economy

Bric economies have enjoyed a strong rebound since markets started to recover, but for markets to move decisively upwards from current levels, we will need more evidence of bottoming out of developed world economic data and for upwards revisions to start...