Global Market Perspective - Q4 2019

11.10.2019 08:56 - Schroder Investment Management (Switzerland) AG (LUX & CH)

Global Market Perspective - Q4 2019

Our latest economic and asset allocation views include a discussion about the ongoing trade war and its implications for gold.

The third quarter saw an intensification of the trade wars between the US and China with President Trump increasing tariffs and imposing restrictions on US companies exporting to China. China responded with tariff increases of its own and directed companies to reduce business with the US. At the time of writing the trade talks are ongoing, but the result has been a downgrade to global growth expectations and a significant rally in defensive assets such as sovereign bonds and gold.

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