What do investors need to be aware of in 2016?

Along with slowing growth in China and the continued weakness in commodities, the focus is turning to higher discount rates in 2016, at least in the US, says Columbia Threadneedle's Chris Kinder.

The current economic backdrop in the UK seems to be neither too hot nor too cold to cause much of a worry for domestically-exposed companies for the moment. Consumer confidence is increasing and unemployment is falling, which has led to wage growth moving ahead of inflation. However, there are some clear warning signs ahead. Along with slowing growth in China and the continued weakness in commodities, the focus is turning to higher discount rates in 2016, at least in the US. In addition, the UK's current-account deficit remains elevated, and inward investment in the UK has not been st...