earnings

Part of the June equity market rally was driven by growing investor expectation of a July rate cut in the US, which we believe is overdone.

Faced with ongoing uncertainty and volatility, global macroeconomic commentators are in two distinct camps: one that observes symptoms of recession and another that observes signs of a global recovery.

After a torrid Q4 amid a global sell-off, we see plenty of reasons for sustained optimism for the rest of 2019.

Affected by housing market

Europe appears to be in the twilight of the mid-cycle, with economic growth setting at a solid, sustainable pace.

Overseas investors returning