DBS Macro Insights Livestream - A Trough in the Making
Reduced exchange rate volatility, dissipation of event risks (hard Brexit and tariff escalation), softening USD funding conditions, stable energy prices, and hints of a bottom in the global electronics cycle have the making of an improved outlook. Going into 2020, geopolitical risks remain high and asset market valuations are frothy, but sentiments are turning more favourable toward economies reliant on external funding. In this month’s Livestream, we examine our reading from the recently concluded IMF meetings, global manufacturing and trade cycles, Fed policy outlook, China’s growth momentum, Brexit, bottoming inflation, steepening yield curves, and stable credit spreads.
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