Morning Call: IMF revises growth forecast lower
Head of Editorial Content, Saxo Bank
Summary: Today's edition of the Saxo Morning Call features Saxo Bank Chief Investment Officer Steen Jakobsen, Head of Forex Strategy John Hardy and Head of Equities strategy Peter Garnry discussing the IMF's latest downward forecast revision as the engines of global growth continue winding down.
Yuan in Focus awaiting US Rebuttal
Asia equities continue to trade higher sweeping aside the mounting tensions between the US and China, instead focusing on the perceived positives which have driven risk assets in recent weeks. Namely economic optimism surrounding reopening economies, slowing COVID-19 case growth and expanding central bank balance sheets, with the pledge to continue to backstop asset prices as and when needed.
Have US equities finally peaked relative to European equities?
US equities have outperformed European equities to a degree we have not observed in the period since 1969. Two major trends have supported this US outperformance. The strong USD and a technology boom dominated by US companies.
Geopolitics A Ticking Bomb?
Asia equities broadly higher and sweeping aside the mounting tensions between the US and China, instead focusing on the perceived positives which have driven risk assets in recent weeks. Namely reopening economies, slowing COVID-19 case growth and expanding central bank balance sheets.
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