World economy is bouncing back and stocks are looking more attractive than ever. The trading opportunities are numerous.
For most global powerhouse economies the economic outlook improved, with the eurozone gaining impetus as its debt calamity slowly diminishes, the OECD announced in a statement on Monday.
The Organisation for Economic Cooperation and Development stated that its composite leading indicator, which includes 33 member countries revealed that growth had returned to its standard pace. The indicator tracks turning points, dips and changes, rose to 100.7 in October from 100.6 in September. It’s now ahead of its long-term average of 100 and approaching its peak levels in over two years. France’s figured shot up to 100.2, from the lowly rate of 100.0 in September.
The OECD added that the U.S. economy was close to its trend rate with a steady 100.8. Last month, the OECD sheared its global growth estimate for 2014 to 3., 0.4 percentage points less than previously. Sluggish emerging market economies were impacting growth and developed economies were in trouble trying to pick up pace after several years of debt quagmires.