Equities, bonds, the Japanese yen and commodities – most notably gold – were the star performers of 2010, in spite of some stomach-churning moments across global markets during the year.
Investors experienced periods of intense volatility surrounding the eurozone debt crisis that emerged in April, the US equity “flash crash” in May and summer fears of a double-dip recession for the US economy.
As the year draws to a close, risky assets such as stocks have returned to levels last seen in September 2008, before the demise of Lehman Brothers, which heralded the darkest chapter of the financial crisis.
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