As of last week, the partial government shutdown is officially the longest shutdown on record.
We continue to believe that no UK politician can secure a bettler deal simply because there is no toher solution to the Irish Border.
We enter the second quarter with a constructive view on emerging markets debt (EMD). In our view, the combination of a dovish Federal Reserve (Fed)*, Chinese stimulus and a stable servicing backdrop should lead to a stable returns profile
Our view over the past few quarters has been that EURUSD should be rangebound, as the cyclical outperformance of the US economy is offset by the eurozone’s relatively better balance of payments position.
Currency movements based onbrexit's outcome.
How will the Brexit negotiations conclude?
Market sentiment towards the Chinese currency has shifted significantly
EURUSD should be rangebound
The topic of trade remains front of mind for investors, businesses and consumers. This year, online searches for the words “trade” and “tariffs” have surged to levels not seen at any point over the past 15 years.
The current earnings season has been mixed; lower energy prices and a stronger dollar are headwinds, but health care sector M&A is providing an offset.