We are upgrading our view on equities to reflect early signs of an upturn in macroeconomic data, falling recession risk and an increase in the chance of at least a limited U.S.-China trade deal.
European high yield spreads are still above their long-term tights, but that doesn’t take quality into account. Are fundamentals robust enough to justify taking more risks?
Recent data from across developed markets has confirmed that underlying inflationary trends remain soft.
This weekly update provides a snapshot of changes in the economy and markets and their implications for investors.