A close eye on price to earnings ratios can lead to some bargains in international shares says IRG BOP investment advisor Jonathon York.

Current price activity in US shares is leading fund managers to predict a 15 per cent fall in earnings. This has been factored in, leading to some rewarding finds if close attention is paid to the price/earnings ratio.

Also coming up this week is the Federal Reserve annual symposium in Jackson Hole, where the Fed may or may not decide to introduce Quantative Easing 3.

New Zealand companies are in their middle earning season now and some of the larger companies are showing some pretty encouraging results.