Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Michael McKenna
Head of Editorial Content, Saxo Bank
Summary: Asian bourses saw a notable surge of risk-off sentiment overnight as the latest signs from the US-China trade war show China settling in for a protracted conflict, Meanwhile, UK prime minister Theresa May's continued woes have placed her government in peril, sending GBP sharply lower as markets re-price the ongoing Brexit imbroglio.