LONDON, Apr 16 (Reuters) – Global investors were less
optimistic about the global economy in April as the growth
outlook for China deteriorated, weighing on commodity and equity
allocations, a closely-watched survey of fund managers showed.
The monthly survey from Bank of America Merrill Lynch,
published on Tuesday, showed a net 18 percent of investors
underweight commodities, the worst level since January 2009.
Fund managers were surveyed before a sharp sell-off in gold and
the release of weak Chinese data this week.
LONDON (Reuters) – First-quarter U.S. corporate earnings must show strong evidence that a secular improvement in the economy is benefiting American business if Wall Street is to sustain its leadership of a global stocks rally.
As debt grinds down the euro zone and fears of slowing growth and diminishing yield advantage haunt emerging markets, the world’s biggest economy is not only riding a stocks rally but also reclaiming some manufacturing business from China, whose stocks are among the worst performers so far this year.