UK GDP continues to outperform
The UK, in stark contrast to Eurozone heavyweights France and Germany, received good economic news once again as its GDP growth was revised up to 3.2% year on year.
The UK, in stark contrast to Eurozone heavyweights France and Germany, received good economic news once again as its GDP growth was revised up to 3.2% year on year.
According to Royal Londons Ian Kernohan, although asset allocation currently still favours equities over bonds there are a number of pressures now acting against that view.
The United States Bureau of Economic Analysis has said the US economy grew a surprisingly strong 4% year-on-year during the second quarter.
A revised GDP forecast shines a light on UK economy recovery, but weak productivity performance shadows improved figures.
ONS says growth a fraction under forecasts
Schroders is expecting a modest pickup in Indian growth, reaching 5% this year.
Confidence in UK business has reached a record high though floundering exports could mean this is short-lived.
This year has seen sentiment towards the UK economic outlook turn full circle, from worries about a triple-dip recession to talk of an unsustainable housing boom, writes Ian Kernohan, Royal London Asset Management economist.
Last month was the worst November for gold prices in more than 30 years, but investors pounced on the precious metals weakness to add to their positions.
Mid-cap stocks look to be key beneficiaries following the encouraging UK GDP data from the Office for National Statistics, according to industry commentators.
So that was the UK recovery. Did you enjoy it? Recent industrial production figures show unpromising signs for the UK economy with manufacturing data falling and the jobless rate remaining high despite benefits claims coming down.
China's GDP continues to grow but its level of growth dropped for the second consecutive quarter as Premier Li Keqiang's policies to rein in his country's credit boom start to kick in.