Buoyant equity markets have benefitted from the ongoing synchronised recovery in the global economy and corporate profitability, boosted by US tax reform, the return of the commodity capital expenditure cycle and balance sheet improvements in the financial sector.
Nevertheless, markets face a number of potential headwinds in the period ahead: a flattening yield curve, global trade wars and divisions in the eurozone, to moderating growth, and a cooling corporate...
'Following the letter, but not the spirit, of the rules'
Tech giant still stands out
Reduces chances of rate hike
Designed to park short-term cash