Eurozone: Uncertainties are weighing on growth
The eurozone economy is slowing down and with Brexit and the trade war tensions weighing on confidence, a further deceleration looks likely. If a hard…
US: Manufacturing a recession
The headwinds facing the US economy are building, as trade tensions intensify and evidence of global economic weakness spreads. Given this backdrop, we…
FX: Going with the cyclical flow
The cyclical slowdown continues to drive global FX trends. Unless we see some material improvement in trade relations, expect pro-cyclical currencies,…
We believe that China has changed its strategy when it comes to the trade war, and that could lead to further market volatility. In terms of economic…
Although later than initially thought, we still expect a deal between the US and China
Japan: Toxic trade trouble
Rates: Sinister market discount
