Geopolitic risks meet mixed economic data
On the US side, on top of the ongoing global trade discussions with China as well as sanctions on Russia, Trump pulls out of the Iran nuclear deal and the meeting with Kim Jong-un is still unsteady. On the European side, we now have a political situation with two clearly Eurosceptic parties taking power. Our assessment of economic growth and global markets remains constructive, but we are cautious and selective.
Economic outlook and our investment strategy
The economic momentum has shifted and Italy is shattering the political calm in the European Monetary Union.
