Global ratings agency Fitch has warned that China's "investment-driven growth model" faces increasingly serious constraints due to heavy debt financing by local governments.
Gold jumped on the last trading day of 2012 to finish up 6 percent on the year after news of a potential US fiscal deal drove a market that rallied in earlier months on low interest rates, euro zone woes and central bank demand for bullion.
The summer stock market rally has lost steam, with equities treading water since their mid-September highs. But some market pros expect the rally to resume after this recent pause.
With a modest underweight stance on equities, Nicholas Ferres of Eastspring Investments remains cautious on the global markets in the short-term. However, he would not be surprised if it runs a little bit higher.