Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Summary: November data shows China is still nowhere near turnaround. Accordingly, PBOC conducted series of policy interest rate cuts across MLF, LPR etc. Fiscal stimulus measures are also on the way with local governments required to speed up debt issuance. Yuan remains US-China headlines driven and new Hong Kong Bill created further uncertainties on trade deal.
Monthly Macro Outlook: Fiscal Stimulus on The Way