Global Investment Views - September 2017

Tuesday 12 September 2017

Research / Market

Global Investment Views - September 2017

MORE SELECTIVE ON RISK ALLOCATION

Despite a very strong Q2 earnings season, equity markets halted their march higher in August, amid renewed geopolitical tensions. Meanwhile, the economic cycle is sound and synchronized at a global level. In the US, there are no signs of imminent recession, even though we are probably reaching the late stage of the business cycle, while Europe is enjoying strong and widespread growth, which has surprised on the upside. If the appreciation of the Euro remains limited, as we believe, it should not derail positive economic and earnings momentum.