FN Marktrapporten is een service voor de betalende abonnees van Fondsnieuws. De dienst geeft toegang tot de database met research van meer dan 70 asset managers. Dagelijks wordt vroeg in de ochtend in een aparte e-mail een overzicht toegestuurd van alle nieuwe researchrapporten. Deze e-mail dienst heet de Morning Call.
This year, a series of geopolitical shocks have hit business sentiment in an already aged expansion. However, these shocks have been tempered by an almost universal adoption of easier monetary and fiscal policies. On the US-China trade front, tensions have ratcheted up during the past few months. And in politics, turmoil persists in the US and UK.
Corporate earnings expectations have continued to fade as the impact of a global growth slowdown and related trade frictions take hold at the company level. Trade tensions between the United States and China remain elevated though negotiations aimed at reaching an interim agreement continue. Growth in China and the eurozone remain weak as Germany’s export-driven economy battles trade headwinds.
With two 25 basis-points (bps) rate-cut moves already in 2019, the U.S. Federal Reserve (Fed) may face tougher decisions in the meetings ahead. For example, have those cuts sufficiently helped to insulate the economy from existing risks? Is a more neutral stance now appropriate? The markets may be pricing in several more cuts, but financial professionals differ widely in their opinion as to the number or necessity.