The Indian market has had an amazing run, and people are very much jumping on to that momentum play and wanting to move with it.
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Stocks do look well supported. (But) there are a large number of signals suggesting that markets have gone too far too fast (and) that investors are thinking about taking risk off the table.Andrew Milligan
One of the most noticeable aspects of 2005 was the series of changes to world textile rules allowing China to export more clothing and footwear. We're still seeing the affects of that filtering through.
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I think it's very positive in the sense that ... potentially Japan is returning to a more normal business cycle, a more normal inflation situation.
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On balance, we believe companies will continue to grow their earnings, while buoyant liquidity and improving business confidence will encourage investors to seek assets with potentially higher returns.
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The establishment in the widest sense of the word has had to reassess its views on the euro over a period of years and Ken Clarke is in the rearguard of that.
Andrew Milligan
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