Indicators point to broad-based global growth not seen since 2010, with promising signs from Germany and China. But be wary of European politics, slower consumer spending in the US, as well as the spector of trade tensions between the world's largest two economies.
We're seeing a big shift from the environment of the past few years, where collapsing real yields in developed bond markets forced investors into equity markets. With all the major world economies surpassing consensus growth forecasts, some of the emerging markets stand to outperform.
A European Commission investigation into a high-profile One Belt, One Road project could slow the initiative's momentum at the EU border. The probe is focused on a section of a proposed Belgrade-Budapest highspeed railway that crosses into the EU.