Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Summary: Higher yields could not stop the Big Tech from leading equities into broader gains yesterday. Nvidia surged ahead of earnings this week and Tesla was up over 7% as well. Broader China concerns continued to underpin with underwhelming PBoC rate cuts, but reports of state-owned banks support helped CNH recover. Japanese yen was the G10 underperformer in FX, while EURUSD attempted a move back above 1.09. Crude oil prices in red amid easing supply tightness concerns. BHP earnings missed expectations, while Zoom’s new launches excited investors.