Our perspectives for the fourth quarter 2018

Every quarter, our specialists interpret trends in the global economy and financial markets. Read their views on the fourth quarter of 2018.

Macroeconomic environment

  • Signs of an economic slowdown are increasing throughout the world.
  • The US Federal Reserve will continue its policy of gradual monetary tightening.
  • Trade tensions between the United States and China show no signs of diminishing.

Financial markets

  • Apart from US equities, most asset classes have posted a negative performance since the start of the year.
  • Deteriorating company finances continue to call for very great selectivity in equity investments.
  • One thing that could well sustain the share prices of quality companies is the fact that their supply is constantly diminishing.

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