Optimism for global growth and corporate earnings has crashed among global fund managers, according to Bank of America Merrill Lynch (reports The Australian Financial Review).
A net 60 per cent of fund managers surveyed between January 4 and January 10 now think global growth will weaken over the next 12 months, which is the worst outlook on the global economy since July 2008 and below the trough in January 2001, BAML said.
Macquarie has named its top global gold developers and explorers, but warned the lack of quality assets is becoming a more urgent issue (reports MiningNews).
The bank's global team of gold analysts have 18 Australian and Canadian developers and explorers across its coverage list, all of which are rated outperform.
However, some stood out more than others.