Sunday 24, April 2016 by Gary Dugan

Patchy recovery drags on

Risk markets have continued to rally in the absence of any meaningful improvement in the near term outlook for growth. As we have mentioned before, the most plausible argument for why risk asset markets have risen is the diminution of the significant downside risk to the global economy. Commodity prices have risen, oil and iron ore in particular, and the Chinese economy looks to be temporarily on the mend, surprising to the upside and delivering trend growth.

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