England's Reece James not giving up on World Cup as he continues rehabilitation in Dubai


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England and Chelsea star Reece James will be in Dubai this week as he continues his rehabilitation from injury ahead of the Fifa World Cup 2022 in Qatar.

James insists he still has time to recover from the knee problem threatening to keep him out of the finals that begin on November 20.

The 22-year-old right-back hurt his knee in Chelsea's 2-0 Champions League win over AC Milan on October 11 – an injury Graham Potter suggested would sideline him for eight weeks, ruling him out of the tournament.

But with less than two weeks until Gareth Southgate names his 26-man squad on November 10, James believes he still has a chance of playing in the Middle East.

“I need to keep working hard over the next few weeks and see where I am on call-up day,” he told The Sun. “I will try and not rule myself out. It is still slow and in the early stages.

“I have been in rehab for two weeks, so I am still taking it day-by-day. The Chelsea medical staff have not given me a percentage of my chance of being back for the World Cup. It is down to how I feel closer to the time and how stable it is.”

On Monday, Chelsea announced that James will continue his recovery, under the supervision of their medical staff, in Dubai.

“Reece James and Wesley Fofana will continue their rehabilitation programmes this week in Dubai. A member of the Chelsea medical department will accompany them,” the club said in a statement.

Defender Fofana has been out of action for several weeks due to strained knee ligaments sustained during the Champions League win over AC Milan at Stamford Bridge.

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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

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Updated: October 31, 2022, 1:16 PM