earnings growth

The worst case scenario for emerging market (EM) equities has started to unfold, turning a potentially positive outlook around by 180 degrees.

We are seeing a new bout of deterioration in fundamentals, with earnings revisions worsening and PMIs back on a declining path across emerging markets (EM).

Faced with ongoing uncertainty and volatility, global macroeconomic commentators are in two distinct camps: one that observes symptoms of recession and another that observes signs of a global recovery.

Risk assets 'can provide positive returns'

Next year's general election set to dominate market discussion

Helped by the Federal Reserve

Overseas investors returning

We believe Japan is slowly emerging from its long period of deflation.

For some time, the equity market has benefitted from what has been termed a 'Goldilocks' environment.